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by Dayun Park, CNN — March 23, 2023.
The task board will Indeed. com eliminate about 2200 employees, or only about 15 percent of its overall workforce, the company said Wednesday.
“The cups come from almost every single team, function, point and region,” CEO Chris Hyams said in a note released by the company. “The express decisions about who and where to cut were incredibly difficult, but they were made very carefully. ” the note adds.
The decision to cut tasks at the company, founded in 2004, stems from Indeed’s projection that the task market will continue to cool after the “post-COVID boom,” Hyams said. The company expects job vacancies, which are the daily bread of the company. , to continue declining in fiscal years 2023 and 2024.
“In the last quarter, the total number of assignment posts in the U. S. The U. S. Department of Commerce decreased 3. 5% year-over-year, while the volume of sponsored tasks fell 33%. In the pandemic grades about 7. 5 million or even decrease in the next two to three years,” Hyams added.
Within an hour of the memo being issued, workers outside the UK, Ireland, the Netherlands and Japan were expected to receive an email informing them of their status. Employees who remain in their jobs will receive an email with the subject “Your location. “has not been affected. “
For those who have been fired, the subject of the email will be “Your location has been affected. “
Today will be the last day for laid-off workers. They will receive their normal paychecks by the end of March, as well as a 16-week severance package, the company said.
Indeed’s layoffs come just after Amazon announced large layoffs on Tuesday. Amazon CEO Andy Jassy announced that he will eliminate about 9,000 employees, most commonly from Amazon Web Services, People Experience and Technology (PXT), advertising and Twitch.
Meta also recently launched its plan to cut 10,000 employees, in addition to the 11,000 layoffs announced last fall. The company also announced a “flattening” plan that aims to simplify its control structure, in fulfillment of its mission “2023 Year of Efficiency”.
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