‘Google for Jobs’ May Challenge Job Search Giant Indeed.Com

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Google, a subsidiary of Alphabet Inc (NASDAQ:GOOG), has announced a feature in its search engine that will allow users to search jobs in their area.

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The project, called ‘Google for Job’, will use the company’s machine learning technology to improve the job search process. You can think of it as Google News – pulling latest news from different sources and sorting them by relevance and date.

The job search project was announced by Google CEO Sundar Pichai at the Google I/O conference.

“I’m personally enthusiastic for this initiative because it addresses an important need, and perhaps our core competencies as a company,” Pichai said, quoted by Business Insider.

Google might be thinking about launching a competitor to job search engines like Indeed.com.

Like Indeed.com, ‘Google for Job’ will be pulling jobs listings from websites like Monster, LinkedIn, Facebook, and CareerBuilder. The job search engine will use Google’s artificially intelligence to categorize jobs. Users will be able to try different options to find jobs.

In the beginning, ‘Google for Job’ will only pull information from other websites. But later, the company could turn it into a full-fledged job search and listings platform, allowing companies to post jobs and jobs seekers to upload their resumes.

The job search market should be an attractive market for any search engine including Google and Bing. According to IBISWorld’s Online Recruitment Sites market research report, the total market is estimated to be around $4 billion annually.

Currently, Indeed.com is a leader in the job search space. The website was founded by Rony Kahan and Paul Forster in 2004 and it made more than $300 million in revenue in the first half of 2015, according to a report from Bloomberg via The Verge.

Google plans to roll out this new job search feature in the United States “in the coming weeks.”

Meanwhile, shares of Google parent Alphabet Inc (NASDAQ:GOOG) closed down 2.48% on Wednesday. However, the company’s stock is up over 19% so far this year.

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