Indeed Announces Layoffs Affecting 1,000 Employees
Tuesday, 14 May 2024, 10:44
Indeed to Layoff 1,000 Employees, Trimming 8% of its US Workforce
Reason for Layoffs
Indeed is letting go of about 1,000 employees, roughly 8% of its US workforce. The decision is to simplify the organization for faster decision-making, revenue growth, and enhanced hiring processes. Last year's layoffs were due to a decrease in job openings post-COVID.
- CEO Chris Hyams cited the need for organizational simplification.
- The layoffs impact R&D and some Go-to-Market teams primarily in the US.
Equity in Layoff Process
Indeed coordinated with various teams to ensure fairness in the layoff process. Emphasis was placed on equity regarding gender and minority representation within the affected groups.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.