In a statement released on March 16, 2023, job search website Indeed announced that it will be laying off about 2,200 employees. This move comes as a result of the company’s need to downsize its operations to better fit the current job market.
CEO Chris Hyams explained the decision, stating that “with future job openings at or below pre-pandemic levels, our organisation is simply too big for what lies ahead.” Indeed’s decision is reflective of the current job market, which has yet to fully recover from the impact of the COVID-19 pandemic.
The job cuts are expected to affect mostly support roles across Indeed’s global offices. The company will be offering severance packages and outplacement services to affected employees to help them transition to new jobs.
This announcement is not the first time Indeed has had to make such difficult decisions. In April 2020, the company had announced a similar round of layoffs that affected around 1,000 employees. At the time, the company had cited the pandemic as the reason for the decision.
Despite these challenges, Indeed remains committed to helping people find jobs. In the statement, Hyams emphasized the company’s continued focus on its core mission, stating that “our priority remains on connecting job seekers with employers, helping people get back to work, and supporting our customers in their hiring efforts.”
The news of the layoffs has received mixed reactions, with some expressing sympathy for those affected and others criticizing the company’s decision. However, it is clear that Indeed’s downsizing is a reflection of the current job market and the challenges faced by companies in these uncertain times.
As the job market continues to evolve, it remains to be seen what the future holds for job search websites like Indeed. However, one thing is certain: the need for job search platforms will continue, and companies like Indeed will continue to play a crucial role in helping people find work.
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