The HR Huddle Spilling the Tea on HR Tech - The future of job search platforms amid AI, UKG massive layoffs, and Supreme Court regulatory shifts.
In this episode of Spilling the Tea on HR Tech, Sapient Insights Group Chief Research Officer and Managing Partner, Stacey Harris, and Sapient Insights Group Director of Research, Cliff Stevenson, discuss recent mergers and acquisitions, including moves by Bullhorn, Phenom, Monster, and CareerBuilder - and what these developments may mean for the future.
This episode also addresses the recent layoffs at UKG and the implications of recent U.S. Supreme Court decisions on compliance and regulatory landscapes.
Key points covered include:
↪️ Bullhorn acquires Textkernel to enhance its AI solutions, focusing on improving resume parsing and reducing bias in the talent acquisition process.
↪️ Phenom's acquisition of Tydy strengthens its pre-boarding and onboarding solutions, aiming to provide a seamless data transfer and unified experience for new employees.
↪️ The merger between Monster and CareerBuilder, driven by controlling interests, reflects a consolidation trend in the job board market as companies seek to compete with aggregators and AI-driven solutions.
↪️ UKG’s massive layoff, where over 2,000 employees were affected globally - equating to around 14% of the workforce - as part of a larger restructuring effort, despite the company's overall strong performance.
↪️ The recent US Supreme Court overturning of the long-standing Chevron deference and the impact of various regulations, including those related to LGBTQIA+ protections and healthcare pricing.
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Stacey Harris
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Cliff Stevenson