News Summary

• Recruit Holdings, the Japanese parent of Indeed and Glassdoor, said on Friday it is laying off about 1,300 employees.
• The layoffs are part of a broader restructuring that involves Glassdoor’s operations being integrated within Indeed, and an increasing focus on using AI.
• The job cuts would affect functions mostly in the U.S. across the two companies’ R&D, tech, and HR and sustainability divisions.
• The cuts come as tech companies across the world roll back their sustainability initiatives and cut jobs to balance out extensive spending on integrating AI into their businesses.