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

The Star10-07-2025
FILE PHOTO: A man walks past the offices of Indeed in the centre of Dublin, Ireland, February 10, 2020. REUTERS/Phil Noble/ File Photo
(Reuters) -Recruit Holdings, 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.
(Reporting by Kritika Lamba in Bengaluru; Editing by Shilpi Majumdar)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Core inflation in Japan's capital stays above BOJ target in July
Core inflation in Japan's capital stays above BOJ target in July

The Star

timean hour ago

  • The Star

Core inflation in Japan's capital stays above BOJ target in July

This photo taken on April 21, 2025 shows a customer walking past a display of instant noodles at a branch of Japanese discount retailer Don Quijote, also known overseas as Don Don Donki, in the Shibuya district of central Tokyo. (Photo by Richard A. Brooks / AFP) TOKYO: Core consumer inflation in Japan's capital stayed well above the central bank's 2% target in July, data showed on Friday, adding to renewed market expectations for another interest rate hike this year. The data will be among factors the Bank of Japan will scrutinise at its next rate review on July 30-31, when the board is expected to revise up this fiscal year's inflation forecast in a quarterly review of its projections. The Tokyo consumer price index (CPI), which excludes volatile fresh food costs, rose 2.9% in July from a year earlier, government data showed, slightly below a median market forecast for a 3.0% increase. It followed a 3.1% rise in June. A separate index for Tokyo that strips away both fresh food and fuel costs - closely watched by the BOJ as a measure of domestic demand-driven prices - rose 3.1% in July from a year earlier after a 3.1% gain in June, the data showed. The BOJ exited a decade-long, radical stimulus programme last year and raised short-term interest rates to 0.5% in January on the view Japan was on the cusp of sustainably hitting its 2% inflation target. While the central bank has signalled readiness to raise rates further, the economic impact of higher U.S. tariffs forced it to cut its growth forecasts in May and complicated decisions around the timing of the next rate increase. But U.S. President Donald Trump's surprise announcement on Wednesday of a trade deal with Japan has diminished uncertainty over the country's economic outlook, prodding some investors to renew their bets on another rate hike by the end of this year. Hours after the announcement, BOJ Deputy Governor Shinichi Uchida said the deal would reduce uncertainty and heighten the chance of Japan durably hitting the bank's inflation target. A Reuters poll, taken before the trade deal announcement, showed a majority of economists expect the BOJ to raise its key interest rate again by year-end, though most expect the bank to stand pat at this month's meeting. - Reuters

US-Japan trade deal averts worst for global economy
US-Japan trade deal averts worst for global economy

The Star

time2 hours ago

  • The Star

US-Japan trade deal averts worst for global economy

JAPAN'S trade agreement with the United States will likely serve as the benchmark for many other deals currently being negotiated with Washington, and the global economy could just about support the 15% level agreed overnight, economists say. Tokyo's deal with the United States lowers tariffs on auto imports to 15% from levies totalling 27.5% previously. Duties that were due to come into effect on other Japanese goods from Aug 1 will also be cut to 15% from 25%. The deal with the world's fourth-largest economy, which includes commitments for US-bound investment and loans, is the most significant of a clutch of pacts US President Donald Trump has concluded to date. It raises pressure on China and the European Union (EU), which both face crucial August deadlines. Although 15% is still a significant duty, such a level is still manageable and less damaging than the volatility created by the uncertainty, which has made it near impossible for firms to plan investments, some economists argue. 'Average tariffs for the United States were around 2.5% for 2024 (while) currently, average tariffs stand around 17%,' Mohit Kumar at Jefferies said, referring to the rise in global duties since Trump's so-called 'Liberation Day' announcement on April 2. 'Our base case remains that when the dust settles, we could see average tariffs around 15%, though recent deals suggest that this number could be slightly higher,' Kumar said. 'While a negative from a macro point of view, the world can live with 15% or so tariffs.' Financial markets heaved a sigh of relief on Wednesday. Japan's Nikkei stock index jumped 3.5% on the deal but European shares were also higher, driven by automakers, on growing optimism that workable deals are possible. 'It looks like the benchmark for major economies is going to be 10% to 15% and a somewhat higher level for smaller economies,' Derek Halpenny, head of research at MUFG in London, said. Volvo Car stocks jumped more than 10% while Germany's Porsche, BMW, Mercedes-Benz and Volkswagen, all with significant US sales, rose between 4% and 7%. 'This more positive trade news has really helped to ease investor fears that tariffs are about to snap back higher on Aug 1,' Deutsche Bank's Jim Reid said. 'But of course, the threat of much higher tariffs still remains for several large economies, including the 30% on the EU, 35% on Canada and 50% on Brazil,' Reid added. 'We also know from experience that we might not know the outcome until hours before the deadline.' Longer-term US inflation expectations eased a touch on the deal, suggesting that trade agreements could alleviate some price fears and give the US Federal Reserve (Fed) room to lower interest rates later this year. However, markets continue to see a close to zero chance of a Fed rate cut next week and the first move is not fully priced in until October. The EU, which negotiates trade deals on behalf of its 27 members, could be next. Trump has said he will impose 30% tariffs by Aug 1, triggering threats of retaliatory measures from the EU. Such a level would be economically debilitating for a bloc that relies heavily on trade and would wipe out whole chunks of transatlantic commerce. The EU originally hoped it could secure a tariff of around 10% but has since accepted the outcome is likely to be several points higher at least. Pressures also remain high on China, which is facing an Aug 12 deadline before tariffs could snap back to 145% on the United States side and 125% on the Chinese side without a deal or a negotiated extension. 'The United States-Japan deal will put more pressure on other major Asia exporters to secure better deals,' ING said. 'We've already seen trade deals with the Philippines and Indonesia. Before Aug 1, there should be more deals struck with Asian exporters.' — Reuters Balazs Koranyi and Francesco Canepa write for Reuters. The views expressed here are the writers' own.

As Japan flounders, LDP hunts for a new face to lead
As Japan flounders, LDP hunts for a new face to lead

Malay Mail

time2 hours ago

  • Malay Mail

As Japan flounders, LDP hunts for a new face to lead

TOKYO, July 25 — Japan's Prime Minister Shigeru Ishiba looks on thin ice. AFP looks at the reasons and at who might instead helm his moribund party, at a challenging time for the Asian powerhouse. What ails Japan? Japan has a rapidly ageing population, colossal national debt, and the economy is teetering on the brink of recession as inflation pinches consumers. Despite a new trade deal with President Donald Trump, Japanese imports still face tariffs of 15 per cent and Tokyo has promised US$550 billion (RM2.3 trillion) of investments into the US economy. The close US strategic ally is also under pressure to further hike defence spending and be more muscular in case of confrontation with China over Taiwan. Who is Shigeru Ishiba? Diligent career politician Ishiba, 68, is from Japan's tiny Christian minority and is partial to policy nitty-gritty, model battleships and cigarettes. Seen as a safe pair of hands, he became the ninth person since 2000 to lead the Liberal Democratic Party (LDP) on his fifth attempt in September, promising a 'new Japan'. But his poll rating has plummeted because of anger over rice prices and a party funding scandal. Ishiba's gaffes have also prompted ridicule on social media. One survey in the Yomiuri daily conducted over the long weekend after Sunday's election put backing his cabinet at just 22 per cent. 'Ishiba, who had been seen as someone who could reform the LDP, failed to demonstrate what he wanted to do after taking office,' Sadafumi Kawato, professor emeritus at the University of Tokyo, told AFP. What about the LDP? The LDP has governed almost non-stop since 1955, but one of the world's historically most successful parties needs a reboot. Sunday's upper house election calamity means that the ruling coalition is now in a minority in both chambers, a first for a Japanese government since 1945. Support has leaked to smaller parties, including notably the populist 'Japanese first' Sanseito, although the fragmented opposition is seen as unable to cobble together an alternative government. Rising cost-of-living concerns resulted in 'unpleasant anti-foreign rhetoric' during the election campaign, Moody's Analytics economist Stefan Angrick told AFP. 'You need a government that actually has a forward-looking agenda, that has a vision for where to take the economy,' he said. Will Ishiba quit? Despite comments on Wednesday interpreted by some media as ruling this out, multiple reports still say that it is just a matter of timing. The Mainichi Shimbun newspaper reported that Ishiba will announce his resignation by the end of August. Kyodo News said that his departure is 'inevitable'. The LDP's Youth Bureau held an online meeting where a majority of participants said Ishiba's 'immediate resignation' was necessary, the bureau's head and MP Yasutaka Nakasone said. Who could replace him? Despite the challenges, the Yomiuri suggested no fewer than nine possible successors in a leadership contest that could happen in September. One is Sanae Takaichi, a hardline nationalist and onetime heavy metal drummer who lost to Ishiba last time. She would be Japan's first woman premier. Others include the liberal-leaning, US-educated Taro Kono, reputedly short-fused former LDP secretary-general Toshimitsu Motegi, and chief cabinet secretary Yoshimasa Hayashi. All are in their 60s. A younger option is Shinjiro Koizumi, 44, the telegenic, surfing son of an ex-premier who was recently tasked with lowering rice prices. '(This) could be a great opportunity to break through the sentiment of stagnation or decline of national power, especially if political leadership shifts to a younger generation,' UBS economist Masamichi Adachi said. Japan's 'decline will not halt without a significant shift in politics that can push through reforms that have not been seen in the last 40 years,' he said. — AFP

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