Bullhorn, the Boston-based cloud computing company that operates staffing and recruiting software, is the latest local company to cut jobs as the effects of coronavirus take their toll on the labor market.
Founded in 1999, Bullhorn laid off nearly 100 employees and furloughed another smaller group of employees.
"As most of you know, Bullhorn serves the staffing and recruitment industry, which has been deeply impacted by the COVID-19 crisis," said Bullhorn CEO Art Papas in a note published on LinkedIn. "Many of our customers have seen steep declines in revenue and we've been inundated with hundreds and hundreds of requests from customers for financial assistance in the last 30 days."
The company also shared a list of laid-off employees on LinkedIn.
"We are going to do everything in our power to hire them back as the industry resumes growth," Papas said. "In the meantime, we are doing everything we possibly can to help them find new opportunities."
The 21-year-old company made headlines for its two acquisitions in the last year: Erecruit and Herefish. By acquiring Erecurit in October last year, Bullhorn gained access to the company's 200-person team and its growing onboarding technology, including eStaff365, AdaptUX and TempBuddy.
And less than three months after that, in January, Bullhorn acquired Herefish, a St. Louis, Mo.-based startup that makes automation software for staffing firms.
Bullhorn joins a number of local startups — including unicorns ezCater, Toast and Datarobot — that have announced job cuts resulting from the disruption caused by the coronavirus.
