Funding & Investment
Darwinbox raises funding from Salesforce to accelerate HR digitalization
r e a d s
Darwinbox, one of Asia’s leading enterprise HR technology platforms, announces the closing of its 15MN USD funding round led by Salesforce Ventures with participation from existing investors, Sequoia and Lightspeed. The company has grown 300%+ since its last round of funding in 2019. The company shared that with the new funding, it plans to accel-
Hiring
q u i c k
40% of Singapore companies looking to hire this year
Employee Engagement
Anxiety related to job changes has increased: WEF According to a World Economic Forum-Ipsos survey, stress, anxiety, and loneliness have increased among working people. More than half of working adults experienced anxiety relating to their job security and stress due to changes in their working patterns. Among those able to work from home, family pressures, finding a work-life balance, and feelings of loneliness and isolation were cited as increasing as the pandemic disrupted lives and interrupted long-established practices. 8
erate its expansion in Southeast Asia, onboard new partners, drive product innovation, and significantly grow its team in the region. Chaitanya Peddi, Co-founder and Product Head at Darwinbox, in an exclusive interaction with People Matters says, ''this funding really validates the product and the work we are doing in the HCM space. We now want to scale up on the journey.''
| FEBRUARY 2021
Hiring in Singapore is projected to shoot up by 40 percent in 2021, according to the latest talent trends report by Michael Page. Most of the activity will come from the technology and telecoms sector, consistent with the general trend around the Asia Pacific that started last year as companies rushed to digitalize, and with the report's other finding that 68 percent of companies in the region plan to increase investment in technology and digital tools.
Technology
Google workers form the company's firstever union
Hundreds of employees at Google and its parent, Alphabet, have launched a union, a rare step for the tech industry that also represents the biggest and most organized challenge yet to the company's executive leadership. Announced Monday morning, the Alphabet Workers' Union will be run by employees and open both to full-time workers and contractors at the tech giant. "This is historic," said Dylan Baker, a Google software engineer, in a release.
