Blog Business Entertainment Environment Health Latest News News Analysis Opinion Science Sports Technology Videos World
Indeed joins the layoff trend and cuts 2,200 jobs

Via a message on Indeed’s pressroom, the American-based job search platform announced plans to layout 15% of its workers on Wednesday 22nd of March.

The CEO, Chris Hyams, who will take a 25% cut in base pay, said in the press release that approximately more than two thousand people are expected to be let go from the team. He continued to say that the decision was difficult to make but was done with a great deal of care and precision.

“Our organization is simply too big for what lies ahead”, said Hyams to justify the decision in parallel with the declining job market post-COVID boom. He added that the revenue from human resource technology will decline in 2023 and potentially again in 2024 and job openings will likely decrease to pre-pandemic levels of about 7.5 million.

Indeed is the latest to join US companies list to layout workers in recent months. Eearlier this week Inc (AMZN.O) announced a second round of layoffs and terminating the jobs of nine thousand as they look to cut costs.

In February alone, layoffs in the United States stood at 77,770, more than five times higher than the 15,245 job cuts announced a year earlier, according to the report from employment firm Challenger, Gray & Christmas Inc. February’s total is the highest for the month since 2009 when 186,350 cuts were recorded.


Hyams said, “We worked closely with the HR, Legal, and DEIB+ teams to ensure objectivity and equity in these decisions.” He continued that The final selections have no measurably disproportionate impact on women and under-represented genders or the under-represented minority population in the US. He added that the decision was made to prepare the organization for the future, aligning with the company strategy and priorities, and reducing duplication of effort and inefficiency.

He explained the differences in the layout p process according to the location of the workers in the US, UK, Ireland, the Netherlands and Japan. The decision will be sent to the international workers via email and effective immediately for all both international and American workers. All impacted employees will receive January through March bonuses.

Share This Post On

Tags: USA Chris Hyams Indeed


Leave a comment

You need to login to leave a comment. Log-in is a Global Media House Initiative by Socialnetic Infotainment Private Limited.

TheSocialTalks was founded in 2020 as an alternative to mainstream media which is fraught with misinformation, disinformation and propaganda. We have a strong dedication to publishing authentic news that abides by the principles and ethics of journalism. We are an organisation driven by a passion for truth and justice in society.

Our team of journalists and editors from all over the world work relentlessly to deliver real stories affecting our society. To keep our operations running, We need sponsors and subscribers to our news portal. Kindly sponsor or subscribe to make it possible for us to give free access to our portal and it will help writers and our cause. It will go a long way in running our operations and publishing real news and stories about issues affecting us.

Your contributions help us to expand our organisation, making our news accessible to more everyone and deepening our impact on the media.

Support fearless and fair journalism today.