Indeed layoffs

2023 - 3 - 23

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Image courtesy of "Economic Times"

Job search platform Indeed lays off 15% of staff; CEO Chris Hyams ... (Economic Times)

Indeed layoffs will impact about 2200 employees. "With future job openings at or below pre-pandemic levels, our organisation is simply too big for what lies ...

[Subscribe](https://economictimes.indiatimes.com/subscription?newslettertype=div_3125&email=2&utm_source=newsletter&utm_medium=email&utm_campaign=DailyTop5)to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. [Earlier the ecommerce giant in January sacked over 18,000 employees](https://economictimes.indiatimes.com/tech/technology/amazon-ceo-andy-jassy-says-job-cuts-to-exceed-18000-roles/articleshow/96750756.cms). [technology](https://economictimes.indiatimes.com/tech)and [startup news](https://economictimes.indiatimes.com/tech/startups)that matters. "It is becoming increasingly likely that HR tech revenue will decline in FY2023 and potentially again in FY2024. Elaborating on Indeed's decision, Hyams said it is clear the job market will continue to cool after the recent post-Covid boom. "I have made the difficult decision to reduce our headcount through layoffs. [Amazon are among companies](https://economictimes.indiatimes.com/tech/technology/amazon-to-lay-off-9000-more-workers/articleshow/98821965.cms?from=mdr)that have announced [fresh rounds of layoffs](https://economictimes.indiatimes.com/tech/technology/facebook-parent-meta-to-lay-off-10000-employees-in-second-round-of-job-cuts/articleshow/98636595.cms)after sacking thousands before. I am deeply and profoundly sorry." [Disney will fire at least 4,000 current employees](https://economictimes.indiatimes.com/tech/technology/disney-tells-managers-to-submit-lists-of-layoff-candidates-looks-to-cut-4000-jobs/articleshow/98802217.cms?from=mdr)in April, after [sacking about 7,000 last month.](https://economictimes.indiatimes.com/tech/technology/disney-lays-off-7000-employees-as-streaming-subscribers-decline-for-the-first-time/articleshow/97757518.cms) [Fed Hikes Rates by 25bps, Signals One More on Cards](/epaper/delhicapital/2023/mar/23/et-front/fed-hikes-rates-by-25bps-signals-one-more-on-cards/articleshow/98925127.cms) [Layoffs in 2023: Amazon, Disney, Meta among latest firms to cut jobs amid economic turmoil](https://economictimes.indiatimes.com/tech/technology/layoffs-in-2023-list-of-companies-that-have-announced-job-cuts-amid-economic-downturn/articleshow/97403993.cms) "I take sole accountability for where we are today. [Hyams said in an email to employees](https://www.indeed.com/press/releases/a-message-from-our-ceo-chris-hyams)that the firm has focused on preparing the organisation for the future.

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Image courtesy of "CNN"

Job-listing company Indeed to lay off 2200 employees (CNN)

Job-listing website Indeed.com will cut approximately 2200 employees, representing almost 15% of its total workforce.

They will receive their regular paychecks until the end of March, along with a 16-week severance package, the company said. Within an hour after the memo was released, employees outside of the UK, Ireland, the Netherlands and Japan were expected to receive an email informing them of their status. The company anticipates that job listings, which are the company’s bread-and-butter, will continue to decline in fiscal years 2023 and 2024.

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Image courtesy of "The Straits Times"

Job site Indeed cuts 2200 positions as tech sector cools (The Straits Times)

Some 500 tech companies have shed more than 150000 workers in this year alone, according to Layoffs.fyi. Read more at straitstimes.com.

In the United States, he said, “job openings will likely decrease to pre-pandemic levels of about 7.5 million or even lower over the next two to three years”. Mr Hyams said Indeed will be instituting “additional cost-saving measures”, which he would announce on Thursday, and that he will take a 25 per cent cut in his base pay. Total US job openings were down 3.5 per cent in the last quarter from a year earlier, Mr Hyams said, while sponsored job volumes were down 33 per cent.

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Image courtesy of "TechCrunch"

Job listing platform Indeed lays off 2200 employees (TechCrunch)

Indeed laid off 15% of employees today, CEO Chris Hyams announced in an all-hands meeting.

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Image courtesy of "CT Insider"

CT-based career-services firm to lay off about 2200 people (CT Insider)

Indeed employees work in the company's offices at 177 Broad St. in downtown Stamford, Conn., in July 2019. The company's CEO announced on March 22, 2023, that ...

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Indeed to lay off 2200 workers, reports job market poised to continue ... (Staffing Industry Analysts)

Online jobs advertising platform Indeed announced today that it is laying off approximately 2200 people, or roughly 15% of its global workforce.

We worked closely with the HR, legal, and [diversity, equity, inclusion and belonging] teams to ensure objectivity and equity in these decisions.” “We need clarity, focus, and urgency to ensure that all of our energy is directed towards investing in our future. Indeed expects that US job openings will likely decrease to pre-pandemic levels of about 7.5 million or even lower over the next two to three years.

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Image courtesy of "The Wall Street Journal"

Indeed to Lay Off 2200 Employees, 15% of Workforce (The Wall Street Journal)

Internet job-search platform Indeed on Wednesday said it expects to lay off about 2,200 employees, or 15% of its workforce. It is the latest company to plan ...

[50% off + free delivery on $20 orders with DoorDash promo code](https://www.wsj.com/coupons/doordash) [15% off American Eagle promo code](https://www.wsj.com/coupons/american-eagle-outfitters) The Recruit Holdings Co.

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Image courtesy of "The Business Times"

Over 120 staff of jobs site Indeed laid off in Singapore as hiring ... (The Business Times)

US-BASED job search platform Indeed cut over 120 staff in Singapore late Wednesday night (Mar 22) after announcing global layoffs affecting about 2200 staff ...

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Image courtesy of "Forbes"

2023 Layoff Tracker: Indeed Cuts 2200 Employees (Forbes)

Amazon, Alphabet, Meta, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts.

The biggest came from Facebook and Instagram parent company [Meta](https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-message-to-employees/), which laid off roughly 11,000 employees in November. announced plans to lay off 25% of its workforce (950 employees) in a company Total employment in the U.S increased by 311,000 positions in February, following an increase of more than 500,000 positions in January—nearly tripling economists’ expectations, as industries such as construction, hospitality and healthcare bring in new workers despite recent cuts primarily in the tech industry. Publishing giant HarperCollins announced it would slash 5% of its staff in the U.S. and Australia, plans to slash its workforce by 5% this year (roughly 1,250 employees), the advisory business, who said the cuts are intended to align its workforce with “current and anticipated market demand”—making it the first of the so-called Big Four accounting firms to conduct a major round of layoffs amid growing recession fears in recent months. The German enterprise software firm—whose U.S. [CNBC](https://www.cnbc.com/2023/01/11/directv-lays-off-staffers-as-cord-cutting-accelerates-.html), as the company struggles with an increase in the cost to “secure and distribute programming,” and after the company lost nearly 3% of its subscribers (400,000) in the third quarter of 2022, [according to](https://www.leichtmanresearch.com/major-pay-tv-providers-lost-about-785000-subscribers-in-3q-2022/) the Leichtman Research Group. [SEC filing](https://www.sec.gov/ix?doc=/Archives/edgar/data/1002047/000119312523019739/d395436d8k.htm) to lay off 8% of its staff ( [estimated](https://techcrunch.com/2023/01/31/netapp-a-specialist-in-cloud-data-management-says-it-will-lay-off-8-or-around-960-people-citing-economic-climate/) to affect 960 employees) by the end of the fourth fiscal quarter of 2023 “in light of the macroeconomic challenges and reduced spending environment.” Job hiring platform Indeed will cut roughly 2,200 employees, CEO Chris Hyams announced Wednesday, making it the latest U.S. [confirmed](https://www.bbc.co.uk/news/business-64549761) to multiple [news](https://apnews.com/article/boeing-co-virginia-business-a6525dc7f58100c924ae2f7e2ce97e6d?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_11) outlets [plans](https://www.bbc.co.uk/news/business-64549761) to [cut](https://apnews.com/article/boeing-co-virginia-business-a6525dc7f58100c924ae2f7e2ce97e6d?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_11) around 2,000 jobs in finance and human resources this year, though the firm said it will increase its overall headcount by 10,000 employees “with a focus on engineering and manufacturing.” [memo](https://www.sec.gov/Archives/edgar/data/908937/000090893723000008/emltoallstafffromjenniferw.htm) to employees the layoffs will affect roughly 8% of its nearly 6,000 employees (roughly 475 positions) and affect “nearly every department,” as executives attempt to “maintain a sustainably profitable company” amid “today’s uncertain economic environment.”

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Image courtesy of "KXAN.com"

Indeed laying off 15% of staff, around 2200 people (KXAN.com)

Indeed, an employment company co-headquartered in Austin, is letting go of roughly 15% of its staff, according to a letter from CEO Chris Hyams.

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Image courtesy of "The Economic Times"

Indeed layoffs: Job search platform Indeed lays off 15% of staff; CEO ... (The Economic Times)

Indeed layoffs will impact about 2200 employees. "With future job openings at or below pre-pandemic levels, our organisation is simply too big for what lies ...

[Subscribe](https://economictimes.indiatimes.com/subscription?newslettertype=div_3125&email=2&utm_source=newsletter&utm_medium=email&utm_campaign=DailyTop5)to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. [Earlier the ecommerce giant in January sacked over 18,000 employees](https://economictimes.indiatimes.com/tech/technology/amazon-ceo-andy-jassy-says-job-cuts-to-exceed-18000-roles/articleshow/96750756.cms). "It is becoming increasingly likely that HR tech revenue will decline in FY2023 and potentially again in FY2024. [technology](https://economictimes.indiatimes.com/tech)and [startup news](https://economictimes.indiatimes.com/tech/startups)that matters. Elaborating on Indeed's decision, Hyams said it is clear the job market will continue to cool after the recent post-Covid boom. "I have made the difficult decision to reduce our headcount through layoffs. [Disney will fire at least 4,000 current employees](https://economictimes.indiatimes.com/tech/technology/disney-tells-managers-to-submit-lists-of-layoff-candidates-looks-to-cut-4000-jobs/articleshow/98802217.cms?from=mdr)in April, after [sacking about 7,000 last month.](https://economictimes.indiatimes.com/tech/technology/disney-lays-off-7000-employees-as-streaming-subscribers-decline-for-the-first-time/articleshow/97757518.cms) I am deeply and profoundly sorry." [Amazon are among companies](https://economictimes.indiatimes.com/tech/technology/amazon-to-lay-off-9000-more-workers/articleshow/98821965.cms?from=mdr)that have announced [fresh rounds of layoffs](https://economictimes.indiatimes.com/tech/technology/facebook-parent-meta-to-lay-off-10000-employees-in-second-round-of-job-cuts/articleshow/98636595.cms)after sacking thousands before. [Layoffs in 2023: Amazon, Disney, Meta among latest firms to cut jobs amid economic turmoil](https://economictimes.indiatimes.com/tech/technology/layoffs-in-2023-list-of-companies-that-have-announced-job-cuts-amid-economic-downturn/articleshow/97403993.cms) "I take sole accountability for where we are today. [Hyams said in an email to employees](https://www.indeed.com/press/releases/a-message-from-our-ceo-chris-hyams)that the firm has focused on preparing the organisation for the future.

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Image courtesy of "Fox Business"

Indeed to lay off 15% of its staff (Fox Business)

Texas-based Indeed is laying off 2200 employees due to a decrease in job openings following a recent post-COVID boom. CEO Chris Hyams apologized in a ...

[how important a job is](https://www.foxbusiness.com/category/lifestyle) in a person’s life. [GET FOX BUSINESS ON THE GO BY CLICKING HERE](https://www.foxbusiness.com/apps-products) Access to internal email, Slack and Workday will remain through midnight on March 26 before laptops are remotely wiped. In those countries, local regulations would mean a longer wait for notification. "We need clarity, focus, and urgency to ensure that all of our energy is directed towards investing in our future. So I have decided to act now," Hyams said, apologizing and taking "sole accountability."

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