The layoffs in the big tech companies do not stop and not even job search services are spared.
This has happened with Indeedwhich announced on Wednesday that it was laying off some 2,200 people.
“It breaks my heart to tell you that I have made the difficult decision to reduce our workforce through layoffs. It’s a decision I really hoped I would never have to make,” Chris Hyams said in a message that was first shared with employees from Indeed and then published on the company’s official website.
This is a fairly large “pruning”, affecting 15% of the payroll.
“We anticipate the departure of about 2,200 people. That’s about 15% of our team. The cuts come from almost all teams, functions, levels and regions of Indeed y Indeed Flex,” he specified.
Indeed will provide benefits such as six weeks of base salary or two weeks per year of service (depending on which is greater), plus other supports such as job placement and mental health services.
Indeed: Why are you laying off employees?
With a very sluggish labor market, Indeed seemed doomed to have to reduce its payroll. Chris Hyams explains:
“With future job openings at or below pre-pandemic levels, our organization is simply too big for what lies ahead. We need clarity, focus and urgency to ensure that all of our energy is directed to investing in our future. We have been more resilient than many other companies, but the revenue trends are undeniable. So I have decided to act now.