Latest news with #Hisayuki'Deko'Idekoba
Mint
2 days ago
- Business
- Mint
Layoff news: Recruit Holdings to cut 1,300 jobs at Indeed and Glassdoor in AI-led restructure
Recruit Holdings, the Japanese parent company of job platforms Indeed and Glassdoor, has announced plans to lay off approximately 1,300 employees as part of a sweeping restructuring strategy aimed at integrating artificial intelligence more deeply into its services, reported TechCrunch. The decision, reportedly revealed in an internal memo by CEO Hisayuki 'Deko' Idekoba and reviewed by the above-mentioned publication, will likely affect around six per cent of Recruit's HR technology division. The cuts are expected to impact roles across various departments, including research and development, technology, human resources, and sustainability, primarily in the United States, though all global regions and functions will feel the effects. As per the report, the restructuring will also see Glassdoor's operations folded into Indeed, signalling a major shift in the group's approach to its job search platforms. As part of this integration, Glassdoor CEO Christian Sutherland-Wong will step down on 1 October. LaFawn Davis, Indeed's Chief People and Sustainability Officer, is also set to exit the company. In the internal communication, Idekoba underscored the company's renewed emphasis on leveraging artificial intelligence to streamline the hiring process. 'AI is changing the world, and we must adapt by ensuring our product delivers truly great experiences for job seekers and employers,' he wrote. Recruit cited internal data indicating that AI now facilitates a job match every 2.2 seconds, bolstering its ambition to simplify recruitment by enhancing both candidate and employer experiences through advanced technology. The move mirrors a wider industry trend, as numerous global tech firms recalibrate their operations to prioritise AI capabilities. Companies such as Microsoft, Meta, TikTok, Match Group, and Intel have all announced significant job reductions in recent months, often coinciding with scaled-back sustainability initiatives and escalating investments in AI integration.
Mint
2 days ago
- Business
- Mint
Layoff news: Recruit Holdings to cut 1300 jobs across R&D, tech and HR in global shake-up
Recruit Holdings, the Japanese parent company of job platforms Indeed and Glassdoor, has announced plans to lay off approximately 1,300 employees as part of a sweeping restructuring strategy aimed at integrating artificial intelligence more deeply into its services, reported TechCrunch. The decision, reportedly revealed in an internal memo by CEO Hisayuki 'Deko' Idekoba and reviewed by the above-mentioned publication, will likely affect around six per cent of Recruit's HR technology division. The cuts are expected to impact roles across various departments, including research and development, technology, human resources, and sustainability, primarily in the United States, though all global regions and functions will feel the effects. As per the report, the restructuring will also see Glassdoor's operations folded into Indeed, signalling a major shift in the group's approach to its job search platforms. As part of this integration, Glassdoor CEO Christian Sutherland-Wong will step down on 1 October. LaFawn Davis, Indeed's Chief People and Sustainability Officer, is also set to exit the company. In the internal communication, Idekoba underscored the company's renewed emphasis on leveraging artificial intelligence to streamline the hiring process. 'AI is changing the world, and we must adapt by ensuring our product delivers truly great experiences for job seekers and employers,' he wrote. Recruit cited internal data indicating that AI now facilitates a job match every 2.2 seconds, bolstering its ambition to simplify recruitment by enhancing both candidate and employer experiences through advanced technology. The move mirrors a wider industry trend, as numerous global tech firms recalibrate their operations to prioritise AI capabilities. Companies such as Microsoft, Meta, TikTok, Match Group, and Intel have all announced significant job reductions in recent months, often coinciding with scaled-back sustainability initiatives and escalating investments in AI integration. Recruit Holdings' latest decision adds to growing concerns over the human cost of the tech sector's rapid pivot towards automation, even as firms promote the long-term benefits of AI-led innovation.
Time of India
5 days ago
- Business
- Time of India
Recruitment platforms Glassdoor and Indeed lay off 1,300 employees, replacing them with AI: Will there be a time when bots will be hiring bots?
In a striking turn of events, two of the world's leading job platforms, Glassdoor and Indeed, have laid off 1,300 employees, citing a shift toward artificial intelligence. The decision comes from their parent company, Recruit Holdings, which says it's embracing automation to simplify and speed up the hiring process. The irony isn't lost on anyone: the very platforms designed to connect people to jobs are now letting go of people, and replacing them with AI-driven systems. The humans behind hiring, now out of job Among those impacted are employees in research and development, human resources, and people and sustainability teams. Many of them were responsible for shaping inclusive and efficient hiring practices. Their work was centered around understanding human behavior, improving candidate experience, and supporting ethical recruitment. Now, their roles are being replaced by algorithms trained to scan résumés, rank applicants, and predict hiring outcomes faster and at scale. According to Recruit Holdings CEO Hisayuki 'Deko' Idekoba, the company sees AI as a transformative force and is restructuring to stay ahead of this shift. What AI is already doing in recruitment From resume parsing and candidate ranking to chatbot-driven interviews and predictive performance analytics, AI is no longer just assisting recruiters — it's replacing them. Platforms like Indeed are deploying tools that automate job matching, while companies worldwide are adopting AI to reduce hiring time, eliminate bias (ironically), and cut costs. But while efficiency has improved, critics argue that something essential is being lost: the human instinct to look beyond the résumé, to give someone a chance despite what the data says. A warning sign for the rest of the workforce The layoffs reflect a broader trend: As AI advances, even white-collar jobs, once considered 'safe' from automation, are now vulnerable. It's not just warehouse workers and delivery drivers feeling the pressure. It's recruiters, analysts, HR managers, and digital professionals. For students, educators, and young professionals, this moment raises urgent questions: What skills will truly remain relevant? How do we compete with systems that never sleep, don't make mistakes, and scale instantly? Will future job interviews be conducted entirely by bots? What does this mean for the future of work ? The global human resources industry is worth over $300 billion, and according to Recruit Holdings, 60–65% of its cost still comes from human labor. That's exactly what AI is set to disrupt. Algorithms can now handle tasks ranging from CV screening to employee engagement tracking, leaving fewer roles for humans in the challenge now isn't just technological, it's deeply human. How do we balance efficiency with empathy? Automation with accountability? Well, the answers lie in reimagining work not as what machines can do faster, but what only humans can do better: With judgment, context, and conscience. TOI Education is on WhatsApp now. Follow us here . Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
Time of India
5 days ago
- Business
- Time of India
Indeed, Glassdoor to layoff 1300 employees: ‘AI is changing the world, and we must adapt by ensuring …'
Jobs cut The wave of layoffs is not going to end anytime soon. Now, job search platforms Indeed and Glassdor have announced job cuts. Both the platforms owned by Japanese conglomerate Recruit Holdings . As reported by Reuters, the company is planning to layoff 1300 employees globally. The latest round of job cuts at the company will affect 6% of its workforce and it comes as the company intensifies its focus on artificial intelligence (AI) and streamlines operations. Indeed, Glassdoor layoffs : Here's what the company said According to Reuters an internal memo by Recruit Holdings CEO Hisayuki 'Deko' Idekoba reveals that layoffs are largely driven by the transformative impact of AI on the hiring ecosystem. The job cuts will primarily impact the teams in the United States. The layoffs will impact the professionals in research and development, growth, and sustainability roles. 'AI is changing the world, and we must adapt by ensuring our product delivers truly great experiences for job seekers and employers,' reads the internal memo. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Upto 15% Discount for Salaried Individuals ICICI Pru Life Insurance Plan Get Quote Undo Along with the job cuts, the company has also announced that as part of ongoing restructuring divide, Recruit Holdings will fully integrate Glassdoor's operations into Indeed. The company aims to simplify and make the process of hiring more efficient with this integration. This step of the company also prompts the departure of Glassdoor CEO Christian Sutherland-Wong on October 1. In addition to Sutherland-Wong's exit, LaFawn Davis, Indeed's Chief People and Sustainability Officer, will step down on September 1, with Ayano Senaha, Recruit's Chief Operating Officer, stepping in as her successor. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Times
6 days ago
- Business
- Business Times
Indeed, Glassdoor to cut 1,300 jobs amid AI integration: memo
[BENGALURU] 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 towards artificial intelligence (AI), according to a memo seen by Reuters on Thursday (Jul 10). The cuts, representing about 6 per cent of the HR technology segment workforce, are mostly in the US 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'. US companies, including tech giants Meta and Microsoft, have announced job cuts recently to prioritise 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 Oct 1. LaFawn Davis, chief people and sustainability officer of Indeed, will also step down effective Sep 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. REUTERS
