Articles from Oyster

Oyster®, the global employment solution to employ, pay, and care for distributed teams, today announced the appointment of Hadi Moussa as Chief Executive Officer. Moussa succeeds founder and CEO Tony Jamous, who will move into the new role of Executive Chairman with a focus on long-term vision and strategy. This founder-led transition will accelerate Oyster's growth and its mission to scale global employment equality. It will also strengthen the company’s ability to support customers as they navigate AI-driven workforce transformation and expand global teams with confidence.

Oyster®, the global employment solution to employ, pay, and care for distributed teams, today released its fourth annual Impact Report. The report shows that $137 million in payments flowed to emerging markets—a 28% increase from last year—helping unlock fair work opportunities in underserved communities worldwide.

Oyster®, the global employment solution to employ, pay, and care for distributed teams, today released its 2025 Global Hiring and Impact Report, offering a detailed look at trends reshaping the world of work. Most notably, the findings reveal a 46% increase in contractor engagements and 10x growth in consulting hires YoY—signaling a shift toward flexible, expertise-on-demand arrangements in global workforce planning.

Oyster®, the global employment solution to employ, pay, and care for distributed teams, today announced the appointment of Geraldine MacCarthy as Chief Revenue Officer and Marina Farthouat as Vice President of People. These strategic hires strengthen Oyster's leadership as the company continues to scale and deliver on its mission to enable responsible and compliant borderless employment practices for a more equal world of work.

Oyster®, the global employment solution to employ, pay, and care for distributed teams, secured new financing from ServiceNow Ventures. This funding follows Oyster’s recent Series D round, which valued the company at $1.2B, and brings total capital raised to $291M. ServiceNow is the latest enterprise software leader to join the roster of investors that believe in Oyster’s mission to make global hiring as easy as local hiring—alongside HR Tech Investments, an affiliate of Indeed, LinkedIn, Okta, PayPal Ventures, Salesforce Ventures, Slack Fund, and more.

Oyster®, the global employment solution to employ, pay, and care for distributed teams, today announced that its Global Payroll product is now available in 24 countries. Now, organizations with multi-country teams can use one platform to quickly and compliantly run payroll operations within their existing HR tech stack and across all employment modalities—employees, contractors, or Employer of Record (EOR) team members. With Oyster’s Global Payroll, HR teams get simple, automated workflows to deliver on-time and accurate payments, alongside the trusted knowledge and support from Oyster’s payroll experts around the world.

Oyster®, the global employment solution to employ, pay, and care for distributed teams, raised $59M in Series D funding, led by Silver Lake Waterman, with participation from existing investors, including Emergence Capital, Stripes, Georgian, G2 Venture Partners, and Endeavor Catalyst. The investment will enable Oyster to accelerate its platform roadmap, scale its impact, improve its customers' compliance posture, and enhance its customers’ ability to attract and retain top talent. Over 40% of Team Members employed on the Oyster platform are in emerging markets and Oyster remitted hundreds of millions to emerging markets in 2023. This fundraise values the company at $1.2B and brings its total funding to $286M.

Oyster®, the global employment platform to hire, pay, and care for distributed teams, today published its third annual Impact Report, highlighting the transformative effects it has had on the lives of knowledge workers in emerging economies. Women, in particular, reported higher rates of job satisfaction, compensation increases, and greater work-life balance compared to their male counterparts, underscoring the tremendous potential of remote work to address gender disparities in the workforce. Additionally, for the first time, the Impact Report also shares aggregate salary data from Oyster’s platform to help companies understand trends, implement compensation strategies, and overcome disparities worldwide.

Oyster®, the global employment platform to hire, pay, and care for distributed teams, today launched Oyster Shell, giving companies an additional layer of protection from potential contractor misclassification risks. Now, when organizations hire contractors on the Oyster platform, they have the option to enroll in contractor misclassification insurance for coverage up to $500,000.

Oyster®, the global employment platform to hire, pay, and care for distributed teams, today announced it has been named to G2’s 2024 Best Software Awards, placing on the HR Products list. This recognition underscores Oyster’s dedication to helping companies automate everyday workflows, improve team productivity, and reduce time to hire. Leaning on Oyster to work smarter, not harder, HR professionals are armed with a critical tool that allows them to spend less time on mundane processes and more time on improving the world of work.

Oyster®, the global employment platform to hire, pay, and care for distributed teams, today announced a first of its kind innovation to automate the employment lifecycle at scale: SAGE. Short for System to Automate Global Employment, SAGE is a low-code platform that enables Oyster domain experts to encode and retrieve knowledge quickly, so they can handle a variety of employment situations efficiently. SAGE is the internal engine that drives Oyster Intelligence, a customer solution that delivers country-specific insights across the entire employment lifecycle through self-serve tools and virtual assistants. This unique approach provides a best-in-class customer experience at software scale, marking a significant advancement for the global employment category.

Global employment and distributed hiring opens up a world of opportunities for people, businesses, and the planet. But it comes with a lot of unknowns—from legal and compliance to taxes, local competition, employee expectations, and beyond. In its continued efforts to make global employment more widely accessible for all, Oyster® today launched a suite of new solutions, including Oyster Embedded, Oyster API, and integrations with Zapier, Personio, and Slack.

Oyster® today announced it has been named the #1 Global Employment Platform (GEP) for SMBs, as well as a category leader across GEPs at large; Multi-Country Payroll; Contractor Management Software; and Contractor Payment Software by G2.com Inc., the world’s largest and most trusted software marketplace.

Oyster® today launched its Talent Network, a partner-powered talent acquisition and recruiting solution to help businesses source great remote candidates around the world. With more than 20 partners, including Facet, GoGloby, Hired, Initi8, Lupa, Niya, Torre, Uplers, VanHack, Oyster’s employment platform to hire, pay, and care for global teams is now able to help companies find the right talent for their specific needs.

Oyster®, the global employment platform to hire, pay, and care for distributed teams, today launched Pearl, an AI-powered chatbot that can answer questions about global hiring and remote work regulations. Leveraging Oyster’s wealth of knowledge and ability to help anyone, anywhere hire quickly and compliantly in over 180 countries, Pearl revolutionizes how companies gather information, enabling them to make informed decisions that remove traditional barriers to global employment.

Oyster®, the employment platform to hire, pay, and care for global teams, today announced its certification as a B Corporation™ (B Corp™). Oyster has the distinction of being one of only 20 B Corp Unicorns in the world, a milestone achieved just three years after the company’s launch. To highlight the transformative effects its platform has made in the lives of knowledge workers in emerging markets, Oyster published its second annual Impact Report, with the majority of workers reporting increased income and ability to support their families, in addition to improved quality of life.

Oyster®, the employment platform to hire, pay, and care for global teams, today announced Oyster Total Rewards, a suite of new solutions to help companies both design a compensation strategy and offer salary, equity, and benefits for teams worldwide. Oyster Total Rewards offers remote, hybrid, and distributed companies the first truly holistic approach to compensation and benefits, ensuring they are competitive, compliant, aligned with budget, and—most importantly—meet employee expectations. Now, People leaders can make a great offer that helps attract and retain the best talent, no matter their location.

Oyster®, the employment platform to hire, pay, and care for global teams, today released its Employee Disillusionment Report. The survey of 2,500+ knowledge workers from around the world uncovers shifting priorities amid numerous external stressors that have contributed to a general sense of disillusionment among employees today—and how companies can relieve some of the pressures employees are facing.

Oyster®, the employment platform to hire, pay, and care for global teams, today announced an expansion of its executive leadership team. Sam Schofield has been appointed Oyster’s first Chief Revenue Officer, and Leah Belsky will join the company’s Board of Directors. Schofield and Belsky will expand Oyster’s go-to-market capabilities and guide business strategy as the company powers employee-centric, distributed workforces around the world.

Oyster®, the employment platform to hire, pay, and care for global teams, today announced it was recognized as a 2023 Transform Awards winner for the Team Builder: Connected Culture of the Year category, which celebrates the company with the most thoughtful and effective model for creating a thriving distributed workforce. The Transform Awards honor impactful stories of innovation, creativity, and transformation across the global world of work.