Additional Coverage:
- Indeed and Glassdoor are cutting over 1,000 jobs. The CEO overseeing both companies says ‘we must adapt’ to AI (fortune.com)
Job-Hunting Giants Indeed and Glassdoor Announce Layoffs, Citing AI
Indeed and Glassdoor, two of the largest online job platforms, are laying off approximately 1,300 employees. The cuts, announced in a memo by Recruit Holdings CEO Hisayuki “Deko” Idekoba, come as the companies integrate AI more deeply into their operations. Idekoba emphasized the need to adapt to the changing landscape of the job market, driven by advancements in artificial intelligence.
This round of layoffs follows previous cuts at the companies, with 1,000 positions eliminated in 2024 and 2,200 in 2023. The total remaining workforce at Indeed and Glassdoor after these latest cuts is currently unknown.
As part of the restructuring, Glassdoor CEO Christian Sutherland-Wong will be departing the company, and Glassdoor’s operations will be merged into Indeed. The layoffs primarily affect the research and development, and people and sustainability departments.
The announcement comes amidst a backdrop of a shifting job market. While the overall unemployment rate remains relatively low, some experts point to a growing number of “functionally unemployed” Americans. Additionally, entry-level job seekers, particularly Gen Z, face increasing challenges, with some analysts drawing parallels to the decline of the manufacturing sector in the 1980s.