Indeed and Glassdoor are cutting more than 1,000 jobs
Both services are owned by Japan-based Recruit Holdings Co. and its President and CEO Hisayuki "Deko" Idekoba announced the layoffs in a memo. It doesn't appear that any specific reasons were given for the consolidation. However, Idekoba did enthuse about the importance of AI in the missive, which likely didn't make any of the impacted employees feel any better. "AI is changing the world, and we must adapt by ensuring our product delivers truly great experiences," he wrote. "Delivering on this ambition requires us to move faster, try new things, and fix what's broken."
Idekoba is already on the books as a proponent of AI use in job searching and hiring. "Hiring is still too slow and too hard, and we're using AI to make it simpler and more personal — for both job seekers and employers," he said when taking over as CEO of Indeed last month. Ironically, he assumed leadership of Indeed when former CEO Chris Hyams left in order to help tackle the "urgent issues" in developing responsible AI tools.
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Yahoo
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SoftBank and Trump may not be enough to save Intel
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Bloomberg
an hour ago
- Bloomberg
SoftBank Group Shares Extend Slide as US Tech Slump Weighs
SoftBank Group Corp. shares fell for a second day, following a sharp selloff in US technology shares and as concerns over its investment in Intel Corp. continued to weigh on the company. The Tokyo-based company tumbled as much as 9.2% Wednesday morning, its biggest intraday decline since April 9, taking its two-day retreat to 12%. Shares slid Tuesday after SoftBank made an announcement that it will invest $2 billion in Intel, with some investors questioning the impact it will have on its earnings.
