About 1,300 employees may be let go at Glassdoor and Indeed. Why? Because Recruit Holdings, the owner of the two companies, has decided to rely more on artificial intelligence (AI) and is undertaking a restructuring exercise across the two entities. This will see it letting go six per cent of the roles in the HR technology business, including research and development (R&D), technology, human resources, and sustainability teams of Glassdoor and Indeed. Most of the cuts will happen in the US but other locations will also be impacted.
Hisayuki “Deko” Idekoba, CEO, Recruit Holdings, has reportedly conveyed to the employees that the firm has resorted to reorganisation simply to stay more competitive in terms of its offerings amidst the widespread adoption of AI in hiring.
Through this job-cutting exercise, the company hopes to strengthen the organisation and ensure smooth and more efficient operations.
By leveraging AI in the hiring process, Recruit aims to make it simpler for job seekers as well as employers to find exactly what they want. This has also been mentioned in the memo reportedly sent by Idekoba to the employees.
The company’s internal tools, according to the memo, are reportedly now matching a job seeker to an employer every couple of seconds.
Media reports also say that Glassdoor’s operations may be consolidated into Indeed and that key leadership changes are also on the cards.
