Shredded: Intermezzo, Meta, Oracle, LinkedIn, BoomerangHR, Glassdoor, Workday, & More
- 5m
- Transcript
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
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
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