Topics
Latest
AI
Amazon
Image Credits:Hispanolistic / Getty Images
Apps
Biotech & Health
clime
Image Credits:Hispanolistic / Getty Images
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
Fundraising
gizmo
Gaming
Government & Policy
Hardware
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
surety
societal
Space
Startups
TikTok
shipping
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
video
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
If you ’re an hourly actor , the turn of go - to pick you have for get new Job is shrinking a little . JobGet , a Boston - base inauguration that control an hourly job - hunting site with social characteristic built in , à la LinkedIn , is acquiringSnagajob , one of its rivals in the U.S. securities industry .
JobGet claims this will make it the largest occupation platform targeting hourly and frontline workers in the U.S. , get across 100 million people .
But to be clear , that ’s not its user base — JobGet does not disclose how many active users it has , except to say that it is working with ten-spot of thousand of client and has helped secure millions of jobs . Snagajobsaysit has 3.6 million monthly active users and has fill 40,000 jobs at 14,000 employers .
The financial terms of the muckle are not being expose . But for context , JobGet was last valued at $ 440 million when itraised $ 52 million in 2022 , perPitchBook . The database notes that JobGet also raised an unrevealed amount this calendar month from Flow Capital , although JobGet disputes this . Flow and JobGet were already familiarize : In June of this yr , JobGet acquired a recruiting software program supplier in Flow ’s portfolio calledWirkn , also for an unrevealed amount .
The impression is a short cloudy for Snagajob . The companionship has been around for 25 old age ( yes , dating to the first window pane - com boom ) , and had raised a whopping$387 millionin amount from investors that admit StarVest and Rho Ventures . But its last valuation of $ 178 million on PitchBook dates from a decade back , so it ’s not clear how that relates to its worth today .
As for why it has now sold up to JobGet , it ’s likely a part of the inevitable integration in the space .
In the last several eld , we ’ve seen a snow flurry of activity among tech companies build societal , recruitment , and direction tools direct hourly workers .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Both Microsoft Teams and Meta’snow - defunct Workplacehave been lurch as shaft for wag worker , partly to differentiate themselves from Slack . Dozens of startups , let in JobGet , have launched and raised ten-spot of trillion of one dollar bill to aim the frontline , waged , and hourly worker chance . Recent examples include $ 28 million forTeamBridge , $ 8.5 million forBandana , $ 85 million forFountain , and $ 175 million forWagestream .
That spell out an overcrowded — and belike over - capitalized — securities industry , especially at a time when suddenly the whole biz may be change with AI . Also , funding for later - microscope stage startup is just not as robust as it used to be .
That means more company are combining to get better scale around the technology they are invest in .
JobGet , in keeping with the LinkedIn doctrine of analogy , has societal mechanic , describing itself as built “ for the penury of the TikTok generation . ” One of its features is “ JobGenie , ” which it likens to a “ For You ” page that use AI and other tools to personalise Book of Job recommendations for users . It also has built clamant audience scheduling and other features to cut down the time between give away an opening and batten a new billet .
“ With access to the resources on JobGet ’s platform , Snagajob ’s job seeker and employers will continue to have a good - in - class experience and make meaningful employ connections , ” said Keith Forshew , CEO of Snagajob . Notably , Snagajob ’s substance abuser seem to fit well with JobGet ’s TikTok remission — its trending searches include a number of Job for adolescent .
“ JobGet was founded to speak a real , urgent need : the challenge that everyday workers face up in finding jobs and that employers front in finding calibre candidates , ” said Tony Liu , founder and CEO of JobGet , in a statement . “ With Snagajob as part of our chopine , we are furthering our delegacy to make approachable pathways to employment for everyday workers while endue employers to plug into with quality nominee instantly and efficiently . ”
