HiBob Buys a Pento, Earnings Disappoint & Biden Loves Chips

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In this episode, we discuss the acquisition of Pento, a Copenhagen-born payroll automation platform, by HiBob, an Israeli-based HRIS. The terms of the deal remain undisclosed, but the acquisition aims to create an all-in-one solution, streamlining the entire payroll workflow. Founded in 2017, Pento had raised around $54 million. The acquisition is expected to save time for various teams by simplifying the traditionally cumbersome payroll process.

We also delve into the latest earnings reports from various companies in the HR and recruiting industry. Recruit Holdings reported a decrease in revenue due to a contraction in hiring activities in the U.S. and

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