Indeed and Glassdoor, owned by Recruit Holdings Co., are laying off approximately 1,300 employees as the presence of artificial intelligence grows within the companies. This follows a trend of job cuts with 3,200 positions eliminated over the past two years. Glassdoor CEO Christian Sutherland-Wong will depart, and operations will be integrated into Indeed. The affected departments include research and development and people and sustainability. Despite low unemployment rates, the job market remains unstable, with many Americans facing prolonged unemployment.
"AI is changing the world, and we must adapt by ensuring our product delivers truly great experiences. Delivering on this ambition requires us to move faster, try new things, and fix what's broken."
The cuts at Indeed and Glassdoor come as the job market overall gets worse. While unemployment is still low at 4.2%, nearly a quarter of Americans are 'functionally unemployed.'
Collection
[
|
...
]