#workforce-reduction

#workforce-reduction

The filing contains requests for approval sent to the Office of Personnel Management in March and April, signaling the scale of proposed reductions in force.

Recruit Holdings Co., Ltd. will reduce its workforce by approximately 1,300 positions, representing about 6% of the HR Technology segment's total staff in a reorganization effort.

The General Services Administration's agency has been key to Trump 2.0's agenda, managing government procurement, technology, and real estate.

The Trump administration issued reduction-in-force notices to roughly one-third of the workforce in March, but in May a federal judge in Massachusetts issued an injunction after finding the cuts made it "effectively impossible" for Education to carry out its legally required responsibilities.

Recruit Holdings is laying off 1,300 employees in its HR Technology segment due to the shift towards artificial intelligence, affecting about 6% of jobs.

Despite cutting over 10% of its workforce due to market cooling and legal costs, McKinsey plans to hire thousands of new consultants, aiming for growth.

Desmond stated, "This was a necessary decision as we continue to transition nCino into a high-performing business focused on long-term, sustainable growth."

"Under normal circumstances and as our history shows, the dynamism of our business typically allows us to move our highly skilled talent quickly to new opportunities. But at a time when procurements are moving much slower than normal, this has been challenging."

We've always known this journey would be demanding. Today, we find ourselves navigating a challenging time that necessitates adjustments as we strive for success.