Tens of thousands of employees may soon face job loss as major technology companies, including Microsoft, TikTok, Match, Intel, and Meta, prepare to implement significant layoffs. To be clear, the cuts will first and foremost hurt domestic functions and operations. They will have an impact on multiple divisions such as research & development, technology, human resources and sustainability.
Hisayuki “Deko” Idekoba, the visionary architect behind Recruit Holdings, publicly decried the impending layoffs. In a strongly-worded memo to staff that TechCrunch has obtained, he explained his reasoning. As the memo states, the layoffs will hit around 6% of Recruit’s HR technology business unit. And according to Idekoba, the changes that are being forced by AI on the job market mean we can no longer afford to be reactive.
The cuts follow a string of other recent layoffs announced by none other than Microsoft, as well as other tech giants’ job cuts. Together, these measures illustrate a notable movement among tech companies. Their companies are taking a hard look at their staffing requirements as they shift relation to technology speed ups and marketplace shifts.
Idekoba further underlined how impactful AI is on their mission to make our current hiring process equitable. He pointed to the fact that AI is already helping people find jobs every 2.2 seconds, emphasizing the increasing recruitment importance of AI.
“AI is changing the world, and we must adapt by ensuring our product delivers truly great experiences for job seekers and employers,” – Hisayuki “Deko” Idekoba
Recruit Holdings has reiterated its commitment to “simplifying hiring by building a better job seeker and employer experience using AI.” This high-level, strategic focus is intended to streamline their work and make the recruitment process more efficient and effective.
Cuts are on the way and contrary to CEO pronouncements, they’re not confined to North America. Look for possible increases or decreases in all functions from our international offices. These layoffs aren’t isolated, illustrating the fundraising, operational and mission-driven headwinds so many organizations are up against. Instead, they are under siege in a dog-eat-dog environment spurred by technological disruption.