The cuts were made to delay additional capital raising in tougher times, despite the fact that the business has the potential to benefit from an economic downturn that will increase the potential for demand for the service. From our recruiting team to our IT team and everyone in between, we are building a better future for our field.
Every single employee at Volt plays a role in powering successful careers and companies. Volt is an award winning, global workforce solutions expert committed to taking businesses and people forward. Founded in 2016, the business had a team of more than 270 across 11 countries. Well, Volt has that can't-quite-explain-it magic that only comes from the right mix of doers and dreamers, problem solvers and boundary pushers. Our group includes Volt IT/Technical Staffing (North America), Volt International (Americas, EMEA, APAC regions), Volt Consulting Group (Global), Design & Technical Services (Global) and Arctern (India). ('Volt' or the 'Company') (NYSE-AMERICAN: VOLT), a global provider of staffing services, and Vega Consulting, Inc. Indebted founder and CEO Josh Foreman made the job cuts at the end of the financial year, with the redundancies mostly focused on sales and marketing roles. & ATLANTA, March 14, 2022-Volt Information Sciences, Inc.
VOLT STAFFING SERIES
Debt collection fintech Indebted has raised $22.5 million in a round that has doubled the company’s valuation to $200 million.īut the round, led once again Perennial Value Management, which came on board 12 months ago to lead a $25m Series B last July, comes as the business also sheds 17% of its staff, with the loss of 40 jobs.Įxisting investors Carthona Capital and Singapore-based VC MassMutual Ventures also chipped in on the latest round, taking the total raised across four funding rounds to $72.5 million.
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