Indeed Cuts 1,000 Jobs Amid Market Downturn
- News Machine
- May 14, 2024
- 1 min read
On May 14, 2024, Indeed announced its second round of layoffs in two years, cutting approximately 1,000 employees, which represents about 8% of its global workforce. The decision, communicated by CEO Chris Hyams in a company memo, is part of a strategy to streamline operations amid a downturn in the recruitment market. The layoffs are expected to affect various locations, including Ireland, where about 70 jobs are at risk. This move follows a previous significant workforce reduction two years prior, reflecting ongoing challenges in the labor market. 17GEN4.com
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