Latest news with #HRtechnology
Yahoo
4 days ago
- Business
- Yahoo
Indeed, Glassdoor cutting jobs as artificial intelligence utilization grows
Recruit Holdings is eliminating about 1,300 jobs at Indeed and Glassdoor through layoffs. The Japan-based parent company announced the layoffs at the two websites Thursday, saying the move will trim the workforce of its HR technology segment by roughly 6%. Recruit Holdings and Indeed CEO Hisayuki Idekoba said in an email to employees that the company "must adapt by ensuring our product delivers truly great experiences for jobseekers and employers" as artificial intelligence is "changing the world." The layoffs come as Recruit Holdings looks to "achieve company priorities," he told employees. Amazon Ceo Says Ai Will Reduce His Company's Workforce The layoffs target employees on the "R&D, GRO, and People & Sustainability teams" in the U.S. "but span all functions and several countries," according to Idekoba's email. Read On The Fox Business App Indeed and Glassdoor have belonged to Recruit Holdings since 2012 and 2018, respectively. The CEO said operations of the latter will be merged into Indeed. That is part of a bid "toward a simpler hiring experience for jobseekers and employers," according to the email. Glassdoor CEO Christian Sutherland-Wong chose to part ways with the company at the beginning of October "as a result of this transition," he said. There are also some other leadership changes in the pipeline. Microsoft Will Lay Off Nearly 6,000 Employees In Push For Efficiency Indeed Chief People and Sustainability Officer LaFawn Davis is departing in September. After her exit, the Indeed team will be headed by Recruit Holdings COO Ayano Senaha, Idekoba said. Recruit Holdings said in a press release its consolidated financial guidance for fiscal year 2025 "remains unchanged at this time," and the effects of the layoffs have "already been largely incorporated" into its expectations for its HR Technology segment "on a U.S. dollar-basis." In early May, the company projected revenue for fiscal year 2025 to come in at 3.52 trillion article source: Indeed, Glassdoor cutting jobs as artificial intelligence utilization grows
Reuters
5 days ago
- Business
- Reuters
Indeed, Glassdoor to cut 1,300 jobs amid AI integration, memo shows
July 10 (Reuters) - Recruit Holdings (6098.T), opens new tab, the Japanese parent of Indeed and Glassdoor, will reduce headcount by around 1,300 across the two job sites amid a shift in focus toward artificial intelligence, according to a memo seen by Reuters on Thursday. The cuts — representing about 6% of the HR technology segment workforce — are mostly in the U.S. and within the research and development, growth, and people and sustainability teams, but span all functions and several countries, the memo said. While the company did not provide a specific reason for the layoffs, Recruit CEO Hisayuki "Deko" Idekoba said "AI is changing the world, and we must adapt by ensuring our product delivers truly great experiences for job seekers and employers". U.S. companies, including tech giants Meta and Microsoft, have announced job cuts recently to prioritize AI investments as well as to navigate slowing economic growth. Recruit also said it would integrate Glassdoor operations into Indeed. As a result of which, Glassdoor CEO Christian Sutherland-Wong would leave the company, effective October 1. LaFawn Davis, chief people and sustainability officer of Indeed, will also step down effective September 1, and will be succeeded by Ayano Senaha, chief operating officer of Recruit. Recruit, which acquired Indeed in 2012 and Glassdoor in 2018, currently has 20,000 employees in the HR technology business unit. In 2024, Indeed announced plans to eliminate 1,000 positions. This followed a previous announcement a year earlier, when the company said it would cut about 2,200 jobs, representing 15% of its staff.
CNA
5 days ago
- Business
- CNA
Indeed, Glassdoor to cut 1,300 jobs amid AI integration, memo shows
Recruit Holdings, the Japanese parent of Indeed and Glassdoor, will reduce headcount by around 1,300 across the two job sites amid a shift in focus toward artificial intelligence, according to a memo seen by Reuters on Thursday. The cuts — representing about 6 per cent of the HR technology segment workforce — are mostly in the U.S. and within the research and development, growth, and people and sustainability teams, but span all functions and several countries, the memo said. While the company did not provide a specific reason for the layoffs, Recruit CEO Hisayuki "Deko" Idekoba said "AI is changing the world, and we must adapt by ensuring our product delivers truly great experiences for job seekers and employers". U.S. companies, including tech giants Meta and Microsoft, have announced job cuts recently to prioritize AI investments as well as to navigate slowing economic growth. Recruit also said it would integrate Glassdoor operations into Indeed. As a result of which, Glassdoor CEO Christian Sutherland-Wong would leave the company, effective October 1. LaFawn Davis, chief people and sustainability officer of Indeed, will also step down effective September 1, and will be succeeded by Ayano Senaha, chief operating officer of Recruit. Recruit, which acquired Indeed in 2012 and Glassdoor in 2018, currently has 20,000 employees in the HR technology business unit. In 2024, Indeed announced plans to eliminate 1,000 positions. This followed a previous announcement a year earlier, when the company said it would cut about 2,200 jobs, representing 15 per cent of its staff.
