As generative AI threatens to upend industries across the entire spectrum, leaders in the recruitment space are taking notes on how to brace their employees and bottom lines for the incoming tidal wave.
In a recent interview with Bloomberg, Indeed’s CEO Chris Hyams revealed that the company was hit hard in layoffs earlier this year—with around 15% of it’s workforce, or 2,200 positions, being cut. It was their first-ever round of layoffs since Indeed’s launch in 2004. However, he said, “We cut almost nothing for our AI team. We made bigger cuts in [recruitment].”
His reasoning, he explained, related to