Recruit Holdings, the parent company of job search websites Indeed and Glassdoor, is cutting around 1,300 jobs through layoffs across both platforms. The move aims to streamline operations and improve the hiring experience for users, as artificial intelligence (AI) continues to transform the industry.
The layoffs target employees in various departments, including research and development, growth, people and sustainability teams. Indeed’s CEO, Hisayuki Idekoba, stated that adapting to AI changes is crucial for delivering great experiences for jobseekers and employers. The operations of Glassdoor will be merged into Indeed as part of a plan to simplify the hiring process.
Glassdoor’s CEO, Christian Sutherland-Wong, left the company in October due to this transition. However, some leadership positions are changing, with Indeed’s Chief People and Sustainability Officer, LaFawn Davis, departing in September. The new head of the Indeed team will be Ayano Senaha, who is currently the COO of Recruit Holdings.
The layoffs do not seem to affect the company’s financial expectations for fiscal year 2025, which remains unchanged at this time. Revenue projections for the upcoming year remain at 3.52 trillion yen.
Source: https://www.foxbusiness.com/technology/indeed-glassdoor-cutting-jobs-artificial-intelligence-utilization-grows