The $75B Shadow RecruiterThe Truth Behind Hiring Websites

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If you’ve ever searched for a job, you’ve probably come across sites like Glassdoor and Indeed, but did you know that all of these websites are owned by the same company? It’s not just American recruiting websites either. A Japanese company called Recruit Holdings owns recruiting sites around the world. They pull in a whopping $24 billion in annual revenue and boast a market cap of $75 billion. But, there’s a reason that you haven’t heard of this company. Not too long ago, Recruit was involved in one of the biggest corporate scandals in Japanese history. In fact, the scandal led to the Japanese prime minister and his entire cabinet resigning. And this setback is what actually led Recruit to expand globally where they didn’t have to worry about their reputation. This video explains the story of Recruit Holdings and how they became the largest HR company in the world.

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Timestamps:
0:00Recruit Holdings
1:36Humble Beginnings
6:19A Turn For The Worst
9:18A Legendary Comeback

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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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