Job Cuts at Recruit Holdings
Recruit Holdings, the parent company of job search firms Indeed and Glassdoor, is laying off approximately 1,300 employees, about 6% of its workforce, as it pivots towards artificial intelligence. The layoffs will primarily impact research and development and sustainability teams in the U.S., while Glassdoor will be merged into Indeed, with CEO Christian Sutherland-Wong stepping down.
Explain It To Me Like I’m 5: Recruit Holdings, the company that owns job sites Indeed and Glassdoor, is letting go of about 1,300 workers to use more robots and computers (AI) to help people find jobs better.
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