Wednesday, May 31, 2023

 Indeed, the Job Seaarch Platform to Layoff 2,200 Resources

By ET Bureau - March 23, 2023 1 Mins Read

 Indeed, the Job Seaarch Platform to Layoff 2,200 Resources

Indeed, a U.S.-based job search platform announced on Wednesday that it is about to lay off 2,200 jobs, approximately 15% of its workforce. The Chief Executive Officer, Chris Hyams, will take a 25% pay cut. The economic uncertainty was triggered by exponential rate hikes by central banks globally.

The job searches platforms’ revenue from HR technology will witness a decline in the fiscal years 2023 and 2024.

Read More: Job search platform Indeed to cut 2,200 jobs

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