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In the latest financial quarter, Recruit Holdings Co. Ltd., the parent company of Indeed and Glassdoor, faced a stark reality: a significant decline in revenues within its HR Technology segment. The dual impact of changing economic conditions and a bold shift in pricing strategy have led to a downturn in the performance of these leading job platforms.
The labor market has experienced a rollercoaster of demand fluctuations and talent shortages, exacerbated by uncertain economic conditions. Companies have become more conservative with their hiring plans, leading to a decrease in job postings.
Recruit Holdings, a dominant player in the HR technology
