Indeed and Glassdoor, owned by Recruit Holdings, will cut 1,300 jobs, about 6% of their workforce. The move reflects a focus on AI. Other tech companies like Meta and Microsoft have also downsized recently due to AI developments. Job cuts are mostly in the U.S. across various departments.
Recruit CEO stated AI is reshaping the world, prompting the job cuts. Glassdoor operations will merge into Indeed, with Glassdoor CEO stepping down, along with Indeed’s chief people and sustainability officer. Financial impacts of the cuts are factored into the company’s fiscal year outlook.
The job cuts at Indeed and Glassdoor are part of a broader trend in the tech sector as companies adapt to AI advancements. The reductions are focused on HR technology, with the majority of the job losses occurring in the U.S. and impacting various teams and functions. Glassdoor CEO and Indeed’s chief people and sustainability officer are among those departing.
Read more at Yahoo Finance: Indeed, Glassdoor cutting about 6% of staff; sites to merge operations