logo
Indeed, Glassdoor to cut 1,300 jobs amid AI integration, memo shows

Indeed, Glassdoor to cut 1,300 jobs amid AI integration, memo shows

Reuters10-07-2025
July 10 (Reuters) - Recruit Holdings (6098.T), opens new tab, the Japanese parent of Indeed and Glassdoor, will reduce headcount by around 1,300 across the two job sites amid a shift in focus toward artificial intelligence, according to a memo seen by Reuters on Thursday.
The cuts — representing about 6% of the HR technology segment workforce — are mostly in the U.S. and within the research and development, growth, and people and sustainability teams, but span all functions and several countries, the memo said.
While the company did not provide a specific reason for the layoffs, Recruit CEO Hisayuki "Deko" Idekoba said "AI is changing the world, and we must adapt by ensuring our product delivers truly great experiences for job seekers and employers".
U.S. companies, including tech giants Meta and Microsoft, have announced job cuts recently to prioritize AI investments as well as to navigate slowing economic growth.
Recruit also said it would integrate Glassdoor operations into Indeed. As a result of which, Glassdoor CEO Christian Sutherland-Wong would leave the company, effective October 1.
LaFawn Davis, chief people and sustainability officer of Indeed, will also step down effective September 1, and will be succeeded by Ayano Senaha, chief operating officer of Recruit.
Recruit, which acquired Indeed in 2012 and Glassdoor in 2018, currently has 20,000 employees in the HR technology business unit.
In 2024, Indeed announced plans to eliminate 1,000 positions. This followed a previous announcement a year earlier, when the company said it would cut about 2,200 jobs, representing 15% of its staff.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump to punish banks for dropping customers
Trump to punish banks for dropping customers

Telegraph

time10 minutes ago

  • Telegraph

Trump to punish banks for dropping customers

Donald Trump is preparing to punish big banks over their alleged discrimination against conservative customers. The White House is drafting an executive order that will impose penalties on financial institutions for dropping customers based on political grounds. A draft of the order, which was seen by the Wall Street Journal, directs regulators to investigate whether any financial institutions breach the Equal Credit Opportunity Act, antitrust laws or consumer financial protection laws. Under the order, which could be signed as early as this week, violators face severe monetary penalties and other disciplinary measures. It also calls on regulators to strike policies that might have contributed to banks dropping certain customers – a practice known as debanking. In the UK, the debanking of Nigel Farage, the Reform leader, by Coutts in the summer of 2023 led to a national scandal. His accounts were closed down after the private bank, which serves the Royal family, decided his views 'do not align with our values' and that he posed a 'reputational risk'. A dossier – which Mr Farage described as a 'Stasi-style surveillance report' – later revealed the bank had cited his Brexit comments, his closeness with Mr Trump and his views on LGBT rights among many reasons he was not 'compatible with Coutts'. NatWest, which owns Coutts, paid Mr Farage an undisclosed sum in March this year to settle the long-running dispute. US banks have been fearful about being the next target of the Trump administration, following his attacks on universities and big law firms. The draft executive order did not name a specific bank, however Mr Trump in January accused the CEOs of JP Morgan Chase and the Bank of America, the largest US banks, of refusing to provide services for conservatives. Both banks denied making banking decisions based on politics. 'Woke capitalism' The criticism of Wall Street giants comes amid growing accusations from conservatives that financial institutions were engaging in 'woke capitalism' and unfairly cutting ties with businesses perceived to be aligned with the political right. Cryptocurrency companies have also said they were shut out of banking services under the Biden administration. Banks have said their decisions are based on financial, legal or reputational risks. In March, the Trump Organisation, which serves as a holding company for most of Mr Trump's business and investments, said it was 'debanked' by Capital One, America's ninth largest bank. The conglomerate sued the bank, alleging it was guilty of 'egregious conduct' by closing more than 300 of its accounts – which it called a 'clear attack on free speech and free enterprise'. The Trump administration is pursuing a broad reform agenda aimed at modifying rules governing financial institutions, including capital requirements, arguing that such action will boost economic growth and unleash innovation.

Palantir shares jump as soaring AI demand powers forecast upgrade
Palantir shares jump as soaring AI demand powers forecast upgrade

Reuters

time10 minutes ago

  • Reuters

Palantir shares jump as soaring AI demand powers forecast upgrade

Aug 5 (Reuters) - Palantir Technologies (PLTR.O), opens new tab shares rose 5% before the bell on Tuesday, after strong demand for its AI-powered services across governments and commercial businesses prompted an increase in its annual revenue forecast. Investors have been betting big on the data analytics and defense software company's military-grade artificial intelligence tools and services, which have propelled its shares to more than double in value this year, making them the best performer on the S&P 500 (.SPX), opens new tab index through last close. "Palantir's staggering growth is showing no signs of slowing... and (its) ability to grow at scale has been underestimated by a large cohort of the market," said Matt Britzman, senior equity analyst at Hargreaves Lansdown. The company raised its annual revenue forecast for the second time this year and above Wall Street estimates. Sales to the U.S. government jumped 53% to $426 million, representing more than 42% of the total second-quarter revenue of about $1 billion. Last week, the U.S. Army said it might spend up to $10 billion on Palantir's services over the next decade. The Denver, Colorado-based company, co-founded by Peter Thiel, expects expenses to rise significantly in the third quarter due to seasonal hiring amid rising competition among industry leading tech firms to poach top talent, as businesses rapidly look to adopt AI. The stock trades at over 200 times its 12-month forward earnings estimates, compared with AI giant Nvidia's (NVDA.O), opens new tab 34.81 and S&P 500's 27.44. Jefferies analysts cautioned that there is a "disconnect between valuation and achievable growth". At least six brokerages raised their price targets on the stock after the results.

Blackstone to acquire Japan's TechnoPro for about $3.4 bln, Nikkei reports
Blackstone to acquire Japan's TechnoPro for about $3.4 bln, Nikkei reports

Reuters

time10 minutes ago

  • Reuters

Blackstone to acquire Japan's TechnoPro for about $3.4 bln, Nikkei reports

TOKYO, Aug 5 (Reuters) - Blackstone (BX.N), opens new tab plans to acquire major Japanese engineer staffing firm TechnoPro Holdings (6028.T), opens new tab for about 500 billion yen ($3.39 billion), the Nikkei business daily reported on Tuesday. Blackstone will likely offer just below 4,900 yen for each TechnoPro share in the tender offer it plans to launch soon, according to the report. ($1 = 147.4400 yen)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store