Industry news

Wipro, a multinational corporation providing information technology, consulting and business process services are set to acquire Capco, a UK based global management and technology consultancy firm for $1.45bn. 

This move will allow Wipro to have more of a global presence and to strengthen their financial services digital transformation.

Read the full article here

Although we have taken steps to improve gender and racial equality, inequality is still prominent in the tech industry. According to Kapor Center only 1% of top tech companies were represented by black people between 2014 and 2020.

The industry is missing out on huge amounts of talent! We need to do more to push equality, regulation is needed!

Read the full article here.

EU regulators are set to impose a fine on Apple as part of their antitrust case with Spotify.

Apple is unfairly restricting rivals to Apple Music as other companies in the industry such as Spotify face a 30% app developer fee. 

This case is one of four open by the EU regarding antitrust violations with Apple.

Read the full article here

Google are the first major providers to give insurance to their clients using cloud as they  team up with Allianz and Munich Re.

This will help them to cover cyber breaches and reduce the risks.

Initial rollout will be for US customers with an annual revenue of between $500million and $5billion. 

Read the full article here 

According to recent research from the BSC, the Chartered Institute for IT shows that the number of women employed in the UK tech sector has risen slightly over the last couple of years compared to other industries.

As shown in our recent Women in Sourcing event, women are experiencing increasing pressure during the pandemic as they are more likely to be furloughed and more likely to leave their jobs as domestic pressures like home schooling are increasing. 

Read the full report here 

LinkedIn are set to launch a new platform for freelancers called “Marketplaces” in Septembers. They will be competing against rivals already in the industry such as Upwork and Fiverr. 

This move would help LinkedIn to generate more revenue from users already on their site.

Read the full article here 

Uber has lost a Supreme Court ruling regarding employment rights. 

Uber regards their employees are independent contractors, however, this court ruling will mean that employees are entitled to employment rights including sick pay, holiday pay and minimum wage.

This will have a rippling effect on the gig economy as the EU are looking at improving employee rights for gig workers.

Read the full article here

According to Forbes, tech companies in London have attracted $10.5billion in venture capital over the last year. 

Sadiq Khan, the mayor of London believes that “London is the global tech capital of Europe” as the billion dollar venture capital hits records in both the UK and Europe.

Half of the $10.5billion funding arose from non-Europeans and 36% of it from North America. Many companies in Silicon Valley have been expanding their presence in the UK over the last year. 

Read the full article here 

The Financial Times have put together a global survey dedicated to mental health during the pandemic that reflects the results from the GSA’s Wellness Survey.

The majority of the delegates that participated in this survey came from white collar backgrounds saying that the pandemic has negatively affected their mental health. 

After the launch of our Festival of Sourcing with our employee engagement and mental health sessions, the GSA have felt truly inspired by the work that we can do to help our community. Expect a lot more from the GSA on mental health this year!

If you are interested in our Festival of Sourcing mental health webinar please click here, or our employee engagement webinar please click here.

To ready the full article from the Financial Times, please click here.

Limitless, an AI driven gig consumer experience company has announced that they’ve raised $10million in Series B funding. This was led by Redline Capital and features a new investment from Genesys alongside continuing investments from AlbionVC and Unilever Ventures.

This funding will play a crucial role in the companies growth in the US.

For more information, please click here