Addeco gobbles up Hired.com and a podcast to take your mind off of 2020

Thanksgiving has come and gone. 

Now we enter that strange period between holidays where everyone participates in the collective delusion of “I’m still working” but in reality, you feel productive if you get a few emails out between naps.

No, just us? Mmmmkay.

Last week

Adecco, the world's second-largest Human Resources provider, has gobbled up another venture-backed talent platform via its previous acquisition of Vettery.

The now-Adecco-owned Vettery acquired Hired.com (which had raised $130M over eight years) for an undisclosed amount. Gossip around the tech watercooler suggested that early investors and shareholders weren’t likely to see much $$$ from the deal, suggesting a sale price not much higher than total money raised. Vettery, in contrast, had only raised a bit over $10 million before it was acquired profitably by Adecco.

We do wonder if similar to WeWork, Hired raised gobs of money with words like artificial intelligence and disruption for a business model that turned out to be a glorified recruiting firm.

What’s new

In policy news, Marketplace did a good segment on the divergent views of California’s gig workers upon the approval of proposition 22.

Even though the U.S. economy added 245,000 jobs last month, economists and talking heads wasted no time in reassuring us that “everything is still terrible”.

Despite the media’s best attempt at hiding any good news, we found out GM is adding 3,000 remote roles in engineering, design, and IT in Q1 of 2021.

Unrelated 

This week we’re listening to Something Was Wrong, a podcast that feels like you’re eavesdropping on a juicy, cringe-worthy convo at your local bar. We suggest pairing it with red wine and a burger for maximum effect.

We’re re-reading Curation: The power of selection in a world of excess, a must-read for anyone looking to make a product or service stick in 2021.

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Created with love by Maren, Lizzy, and the team at Avra Talent ❤️🦄