There’s a revolving door for many jobs in the U.S., and it’s been rotating faster lately. For AI recruiting startup Eightfold, which promises lower churn and faster hiring, that spins up opportunity. Silicon Valley-based Eightfold, which recently raised $18 million, is offering its talent management platform as U.S. unemployment has hit its lowest since the go-go era of 2000.
Stakes are high for companies seeking the best and the brightest amid a sizzling job market. Many companies — especially tech sector ones — have high churn amid much-needed positions unfilled. Eightfold says its software can slash the time it takes to hire by 40 percent. “The most important asset in the enterprise is the people,” said Eightfold founder and CEO Ashutosh Garg.
