Recruit Holdings Announces Layoffs at Indeed and Glassdoor
Recruit Holdings, the Japanese parent company of popular job sites Indeed and Glassdoor, revealed plans on Friday to lay off approximately 1,300 employees, which accounts for 6% of the total staff at the two platforms.
The workforce reduction will primarily impact roles within the research and development, technology, human resources, and sustainability departments of the companies, with a focus on operations in the United States. This information was disclosed in an internal memo, as reported by Reuters.
Referring to the integration of artificial intelligence (AI) into their platforms, Recruit Holdings’ CEO, Hisayuki Idekoba, emphasized the importance of adapting to technological advancements to enhance user experiences for both job seekers and employers. “AI is changing the world, and we must adapt by ensuring our product delivers truly great experiences for job seekers and employers,” wrote Idekoba in the memo.
Additionally, Glassdoor, a subsidiary of Recruit Holdings, is set to be integrated into the Indeed platform. According to Reuters, Glassdoor’s CEO, Christian Sutherland-Wong, is expected to depart from the company on October 1 as part of this consolidation.
The decision to downsize comes amidst a trend among technology companies worldwide to scale back sustainability initiatives and reduce workforce in order to manage costs associated with AI integration. Recent announcements from major players such as Microsoft, TikTok, Match, Intel, and Meta have also highlighted significant job cuts within the industry.
Despite these developments, Indeed and Glassdoor have not provided any comments on the layoffs beyond regular business hours.
