In 2015 and 2016, over $4 billion in venture capital money was pumped into the HR technology category. We estimate that about a quarter of that money has made its way into talent acquisition technologies and services.
Amazon is all over the news this week, as an expose of sorts from The New York Times showed that their work environment may be a little tough.
This should come as no surprise to anyone who has read about CEO Jeff Bezos. He’s a micromanager — detail-oriented and data-driven — just like the company he founded more than 20 years ago. He’s incredibly focused on building Amazon by having Nordstrom-like service for Walmart-like prices. It takes the thin margins of retail beyond the very extreme.
Willis Tower (formerly Sears Tower) is now very appropriately named after the $8.7 billion acquisition of Towers Watson. The acquisition — which feels more like a merger given the relative equal market capitalization of both companies — comes at a time of extreme change to traditional models of human resources and benefits consulting and insurance brokers.