HCM Talent Technology Roundup March 24, 2023

Indeed will lay off 2,200 employees, or 15% of its workforce, according to media reports. “The cuts come from nearly every team, function, level and region,” of the company, CEO Chris Hyams said in a memo to workers, reported CNN. Indeed decided to make the cuts after estimating that the job market will continue to lose steam and that job listings will decline during fiscal years 2023 and 2024.

Hireology announced an AI-powered recruiting assistant, called Beaker. It can generate job descriptions in a matter of seconds, the company said, empowering employers to attract the right candidates more quickly for their open positions. Beaker is powered by ChatGPT, an advanced language processing model developed by OpenAI. The product allows users to input details like a job title and location. Once they’re done, Beaker generates a clear and concise job description that is optimized for search.

High volume ATS provider Fountain added a conversational AI feature, Fountain AI, to its product suite. The feature helps recruiters to screen and qualify candidates efficiently and automates manual processes. Fountain AI aims to accelerate the hiring funnel and help hiring managers get candidates through the process faster, according to the company.

SkillGigs, a talent marketplace that pairs healthcare and technology job seekers with AI-matched work opportunities, unveiled a new platform experience for its users. With it, the company believes both employers job candidates can more effectively create listings, screen through matches and have more productive compensation negotiations during interviews.

Recruiting platform HeadRace raised $6 million in seed funding from Greylock, Susa Ventures and Breyer Capital with Packy McCormick, Kindergarten Ventures and Blue Lion Global participating in the round. The company also announced that its technology platform is now available to any recruiter or employer who wants to use it. For recruiters, HeadRace offers a technology platform that provides opportunities to connect with new customers and earn.

Talent assessment platform Plum announced that Greggory Moran has joined the company as senior director of partnerships. He brings a heap of industry experience including his most recent position as director of partnerships at PandoLogic.

Authors

Mark Feffer is executive editor of RecruitingDaily and the HCM Technology Report. He’s written for TechTarget, HR Magazine, SHRM, Dice Insights, TLNT.com and TalentCulture, as well as Dow Jones, Bloomberg and Staffing Industry Analysts. He likes schnauzers, sailing and Kentucky-distilled beverages.