Job hiring platform Indeed will cut about 2,200 positions, roughly 15 per cent of its total workforce, joining a cohort of technology companies including Amazon.com and Meta Platforms in culling workers amid economic uncertainty.
The cuts at Indeed will affect “nearly every team,” Chief Executive Officer Chris Hyams wrote in a blog posted on the Austin, Texas-based business’s website on Wednesday.
Indeed is owned by Japan-based internet and staffing company Recruit Holdings Hyams said the job market will continue to cool after the post-pandemic boom, and that he expects human resources tech revenue to decline in fiscal 2023 and possibly again in 2024.