logo
Recruit Holdings to layoff 6% of its HR tech workforce

Recruit Holdings to layoff 6% of its HR tech workforce

Time of India11-07-2025
Recruit Holdings
, the Japanese parent company of
job platforms
Indeed
and Glassdoor, is cutting 1,300 jobs, approximately 6% of its
HR technology
workforce, amid a broader shift toward an artificial intelligence-led transformation. The
layoffs
will primarily affect US-based roles in research and development, growth, people, and sustainability teams. However, they span multiple functions and countries, according to an internal memo seen by Reuters.
CEO Hisayuki "Deko" Idekoba cited the growing impact of AI on the hiring ecosystem, saying the company must evolve to deliver improved experiences for job seekers and employers. The changes come as other US tech giants like Meta and Microsoft also trim workforces to realign around AI priorities.
As part of the restructuring, Recruit will integrate Glassdoor's operations into Indeed. This move will see the departure of Glassdoor CEO Christian Sutherland-Wong, effective October 1, and Indeed's Chief People and Sustainability Officer LaFawn Davis, effective September 1. Davis will be replaced by Ayano Senaha, Recruit's COO.
Recruit's HR tech unit employs 20,000 people. The new layoffs follow a string of cuts at Indeed, 1,000 roles in 2024 and 2,200 in 2023, reflecting continued consolidation in the digital hiring space as AI redefines workforce needs.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

BDO appointed receiver for Evergreen Power's Mauritius arm
BDO appointed receiver for Evergreen Power's Mauritius arm

Economic Times

timean hour ago

  • Economic Times

BDO appointed receiver for Evergreen Power's Mauritius arm

Synopsis In Mauritius, receivers are typically appointed when creditors make claims on a company. "As a policy, Evergreen Power does not comment on market speculation or matters involving internal corporate structure or investor arrangements," the company said in a statement in response to ET's queries on the matter. ET Bureau NEW DELHI: Private equity (PE)-backed Evergreen Power has appointed BDO as a receiver, said people in the Power's Indian operations have been recipients of capital through a Mauritius-based entity where the receiver has been appointed, they Mauritius, receivers are typically appointed when creditors make claims on a company. "As a policy, Evergreen Power does not comment on market speculation or matters involving internal corporate structure or investor arrangements," the company said in a statement in response to ET's queries on the matter. Evergreen Power is executing tenders worth 1 gigawatt for state-backed entities such as Solar Energy Corporation of India (SECI), NTPC and SJVN. Indian banks have provided bank guarantees for projects that Evergreen Power has committed to execute, as per those in the know. "We remain committed to the development and execution of clean energy projects in India and continue to work closely with our partners and stakeholders," the company said. Evergreen Power is backed by UK-based Devonport Capital. The company has won tenders to set up electricity generation through solar, wind and hybrid methods. It has competed with well-known names like Adani Green, Sembcorp, Jindal Renewables and ReNew Power, among others, for these tenders. Evergreen Power was set up in 2012 as per its website, which states it has headquarters in Chicago and Mumbai. It developed its first renewable energy project, a 23 MW solar photovoltaic plant located in Telangana, in a joint venture with Hilliard Energy (US) in April 2016.

Touchdown In Jaipur: Ukraine's First Lady Refuels Diplomacy En Route To Tokyo
Touchdown In Jaipur: Ukraine's First Lady Refuels Diplomacy En Route To Tokyo

India.com

timean hour ago

  • India.com

Touchdown In Jaipur: Ukraine's First Lady Refuels Diplomacy En Route To Tokyo

New Delhi: Jaipur stirred at dawn. Wrapped in a soft morning haze, Rajasthan's pink city turned briefly into a stage of diplomacy. At 6:30 am on August 3, wheels touched the tarmac as a sleek aircraft arrived with a 23-member Ukrainian delegation. First Lady Olena Zelenska stepped off. Her presence was composed and poised. Walking beside her was Ukraine's Foreign Minister Andrii Sybiha, who also serves as deputy head of the Presidential Office. Senior officials from Kyiv followed with measured steps and focused expressions. Their suits were sharp and movements purposeful. The mission continued toward Tokyo, passing through the warmth of Jaipur's still-sleeping skies, leaving behind the trace of protocol. The unscheduled stop was not for diplomacy on Indian soil. It was for fuel. However, it did not go unnoticed. The Ministry of External Affairs had cleared the protocol well in advance. On August 1, India's Foreign Ministry issued instructions to the Bureau of Civil Aviation Security to ensure full courtesies. The delegation was exempted from frisking and pre-embarkation checks. Following the official directive, Jaipur airport staff arranged VIP services for the brief halt. The visiting team included Ukraine's Permanent Representative to the United Nations Sergiy Kyslytsya and Minister for Economic Affairs Oleksii Sobolev. They exited the aircraft and spent time in the VIP lounge. Ukrainian Embassy officials from Delhi had reached Jaipur early to receive them over light refreshments and conversations. Immigration clearance was not required. Around 8:15 am, the delegation boarded the plane again and resumed their journey to Tokyo. The visit to Japan carries weight. Ukrainian officials are expected to meet their Japanese counterparts to reinforce ties. The focus is likely to fall on two priorities: increased sanctions on Russia and support for Ukraine's war-ravaged economy. India's connection to Ukraine runs deep. Back in December 1991, India was one of the first nations to recognise Ukraine's independence. Diplomatic relations followed just a month later, in January 1992. Since then, ties have expanded across trade, education and mutual cooperation. Jaipur's brief appearance in Ukraine's journey to Tokyo may not make the front pages. But on the map of international diplomacy, it marks another moment where protocols, preparation and partnerships aligned, long enough to refuel.

Falcon fraud: Rs 21 cr diverted to Goa casino, says Enforcement Directorate
Falcon fraud: Rs 21 cr diverted to Goa casino, says Enforcement Directorate

Time of India

timean hour ago

  • Time of India

Falcon fraud: Rs 21 cr diverted to Goa casino, says Enforcement Directorate

Hyderabad: Enforcement Directorate's (ED's) investigation into the Falcon invoice fraud found that Amardeep Kumar, the key accused and director of Capital Protection Force Pvt Ltd, has allegedly diverted nearly Rs 21 crore to a Goa-based casino between 2021 and 2023, using both company and personal accounts. The casino alerted financial intelligence agencies regarding suspicious high-value transactions linked to Amardeep Kumar. Capital collected investments worth Rs 792 crore from investors under the guise of 'Falcon Invoice Discounting Scheme'. The accused promised investors high returns by claiming the investments would be used for invoice discounting activities. An app named 'Falcon Invoice' was developed to collect deposits and was promoted through Google, YouTube, and other digital platforms. However, the probe found that no actual invoice discounting business existed. ED stated that the scam proceeds were instead diverted to various personal and business interests of Amardeep. These include investments in equity shares, unsecured loans to companies, the purchase of an aircraft, and the acquisition of immovable properties. Properties were found registered in the names of Amardeep, his family members, Rhett Healthcare Pvt Ltd, and Rhett Herbal Pvt Ltd. A portion of the proceeds of crime was allegedly routed to a prominent casino in Goa. In March 2025, ED had seized a private jet — Hawker 800A — allegedly bought by Amardeep using proceeds from the scam. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad According to the financial documents analysis, Rs 2.8 crore was paid directly from the company's account, while the remaining Rs 18.5 crore was transferred from Amardeep's personal accounts to the casino. The personal accounts of Amardeep had already received large sums — Rs 55 crore and Rs 35 crore respectively — from the Capital Protection Force company's main account. ED had found that Rs 2.82 crore was transferred directly from the account of Capital Protection Force Pvt Ltd to the company owned by the casino between Oct 2021 and March 2023. Another Rs 16.3 crore was routed from Amardeep's personal account — into which approximately Rs 55 crore was earlier received from the company — between April 2021 and Feb 2023. Additionally, Rs 1.15 crore was transferred between May 2023 and July 2023 from another personal account of Amardeep, which received about Rs 35 crore from the company's funds.

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