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Shredded: Intermezzo, Meta, Oracle, LinkedIn, BoomerangHR, Glassdoor, Workday, & More

The Chad & Cheese Podcast

5m
Transcript

Original podcast

Summary

Written by a model from the transcript; not yet reviewed.

In this weekly news roundup, the hosts cover major employment and HR industry headlines for September 2026. The episode details startup funding rounds, including Intermezzo raising $10 million for global payroll and Boomerang HR securing $12.7 million for offboarding. Major tech shifts feature Meta asking select individual contributors to return to management, Oracle expanding its restructuring plan by $700 million due to AI infrastructure costs, and LinkedIn facing lawsuits regarding browser extension scanning and alleged market monopolization while expanding its Hiring Assistant tool. Additional topics include a Glassdoor report on millennial burnout, Workday appointing a new Chief Marketing Officer, and legislative proposals such as the 32-Hour Workweek Act.

  • Intermezzo raised $10 million in funding from investors including Crosslink Capital and UKG Ventures to expand its global payroll infrastructure operations. 1:52
  • Meta is reversing some of its recent structural flattening by asking select individual contributors in its Applied AI Division to return to management roles. 2:14
  • Oracle expanded its 2026 restructuring plan by $700 million to reach $2.8 billion total estimated costs driven by AI data center capital expenditures. 2:38
  • Boomerang HR raised $12.7 million in seed funding co-led by Kalos Ventures and Album Ventures for operational expansion and product development. 4:09
  • A new Glassdoor report shows that 76% of millennials question their career paths and face higher rates of burnout and layoff concerns. 4:30

Highlights

  • 1:52

    Intermezzo Raises Ten Milliondata

    Intermezzo secured $10 million from investors like Crosslink Capital and UKG Ventures to expand its global payroll infrastructure platform.

  • 2:14

    Meta Reverses Management Cutsstrategy

    Meta asks select individual contributors in its Applied AI Division to return to management roles, reversing previous flattening efforts.

  • 2:38

    Oracle Expands Restructuring Costsdata

    Oracle increased its restructuring plan by $700 million to a total of $2.8 billion due to mounting AI data center expenses.

  • 3:01

    LinkedIn Browser Extension Lawsuitsinsight

    A federal judge dismissed two class-action lawsuits against LinkedIn regarding its scanning of users browser extensions for lack of legal standing.

  • 3:22

    LinkedIn Market Monopolization Lawsuitstory

    LinkedIn was sued in a proposed class-action for allegedly forcing customers to upgrade to higher-tier subscriptions for features previously included.

  • 4:09

    Boomerang HR Seed Fundingdata

    AI offboarding and alumni management platform Boomerang HR raised $12.7 million in seed funding led by Kalos Ventures and Album Ventures.

  • 4:30

    Millennial Career Burnout Datadata

    A Glassdoor report reveals that 76% of millennials question their career paths and face high rates of burnout and job insecurity.

  • 5:13

    Proposed 32-Hour Workweek Actinsight

    Lawmakers introduced the 32-Hour Workweek Act to gradually lower the federal overtime threshold from 40 to 32 hours over four years.

About this episode

The Shred is a weekly roundup of what’s making headlines in the world of employment. The Shred is brought to you today by Jobcase.

Transcript

0:00
5:25

793 words · 6 speakers

Topics

  • Global Payroll
  • Corporate Restructuring
  • Venture Funding
  • Employment Law
  • Artificial Intelligence
  • Workplace Trends
  • Executive Appointments

Page updated · transcript and summary are machine-generated