Recruit Holdings announced layoffs impacting 1,300 employees, or 6% of staff, at Indeed and Glassdoor, mainly in the U.S. These reductions will affect R&D, tech, HR, and sustainability functions. The integration of Glassdoor into Indeed is underway, leading to the departure of Glassdoor's CEO. The layoffs reflect a trend among tech companies reducing jobs and scaling back sustainability efforts as they prioritize investments in AI technologies.
"AI is changing the world, and we must adapt by ensuring our product delivers truly great experiences for job seekers and employers."
The job cuts come as tech companies across the world roll back their sustainability initiatives and cut jobs to balance out extensive spending on integrating AI into their businesses.
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