Recruit Holdings Co., the Japanese parent of global job search platforms Indeed and Glassdoor, has revealed plans to cut around 1,300 jobs across these two subsidiaries. This significant workforce reduction is part of a larger strategic shift towards integrating artificial intelligence (AI) and streamlining operations, as the company adjusts to changing market dynamics and seeks to improve efficiency.
The job cuts will mainly affect positions in product development, research and development, sales, and administration, impacting about 1,000 roles at Indeed and 300 at Glassdoor. This decision comes as tech companies globally are increasingly utilizing AI to automate tasks and enhance their services, prompting a reassessment of staffing requirements.
Indeed’s CEO, Chris Hyams, informed employees of the decision, pointing to a decline in job postings and the necessity to hasten the company’s shift to an AI-first strategy. He stressed that these changes are essential for creating a more efficient organization and concentrating on innovative AI-driven solutions that will transform the hiring process.
Glassdoor’s CEO, Christian Sutherland-Wong, also underscored the influence of AI on the company’s operational framework. The company intends to streamline its systems and enhance user experience through AI, resulting in some redundancies.
This isn’t the first instance of significant layoffs at Indeed and Glassdoor. In 2023, both companies executed job cuts, collectively slashing their workforce by thousands amid a slowing tech hiring market. These recent reductions highlight the persistent pressure on online recruitment platforms to innovate and adapt, especially with the swift progress in generative AI.
Recruit Holdings’ choice mirrors a wider trend in the tech sector where firms are reassessing their human resources in response to AI’s potential. Although AI offers the promise of enhanced productivity and new opportunities, it also requires a re-skilling of the workforce and, in some instances, job reassignments or cuts in positions that can be automated. The company announced that those impacted would receive severance packages and outplacement assistance to help them transition in their careers. Recruit Holdings continues to be dedicated to its long-term strategy of utilizing technology to reshape the HR landscape on a global scale.
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