Job search giant Indeed announced plans to lay off approximately 1,000 employees, or 8% of its workforce, in a bid to streamline operations and reignite revenue growth. This follows a previous round of reductions back in 2023.
CEO Chris Hyams acknowledged the difficulty of the decision in a company-wide message. He attributed the job cuts to a continued slowdown in global hiring activity, which has impacted Indeed’s sales. The company aims to “realign with our marketplace strategy” through restructuring its research and development (R&D) team and reducing “layers of management.” Sales teams, particularly in Indeed’s Foster City, California, office, will also see significant reductions.
The majority of the layoffs will occur in the United States, with a smaller number affecting employees in Australia, Ireland, and the United Kingdom. Hyams expressed hope that the restructuring will “drive toward our 2030 goal to help 100 million people get jobs,” despite the immediate workforce reduction.
This news comes amid a period of uncertainty for the tech industry. Several companies have implemented hiring freezes or layoffs in response to a changing economic climate. Indeed’s job cuts highlight the impact such slowdowns can have even on companies within the recruitment sector.