Indeed to layoff 1,000 employees, cutting about 8 percent of its US workforce

Austin (Kusan) — Career site Indeed will lay off about 8% of its staff, or about 1,000 people. According to the letter I shared it with my employees on Monday.

The layoffs will affect many groups and regions, but will not be across the board. CEO Chris Hyams said in his letter that affected jobs are primarily concentrated in the United States, with a focus on “research and development and certain go-to-market teams.”

This time last year, Indeed laid off about 15% of its employees, citing a drop in job openings due to the post-COVID-19 economic boom.

Hyams said that unlike last year, when cost-cutting drove headcount reductions, the reason behind this round of layoffs was to “simplify the organization to make decisions easier and faster and drive revenue more effectively.” Because it needs to grow.” And we will hire you. ”

In fact, leaders worked with human resources, legal and the Diversity, Equity, Inclusion and Belonging (DEIB+) team to “ensure objectivity and fairness in the decision-making process,” Hyams said.

“The final selection does not have a measurably disproportionate impact on women, underrepresented genders, or underrepresented minorities in the United States,” he added.

The letter also said those affected should receive a notice on Monday that includes information about increased severance pay for most employees over the past year.

You can read more about Hyams’ letter below.Full text of the letter is available On the Indeed website.

I am responsible for how we got here, and SLT as a whole is responsible for making the tough decisions necessary to prepare us for the future. We know that these decisions have a profound impact on people’s lives. I’d like to share some background on why I think it’s necessary.

Last year, we faced a global hiring recession that resulted in multiple consecutive quarters of declining revenue. We reduced headcount, implemented multiple cost-cutting measures, and instilled investment discipline throughout the company. These measures have been successful, and we are now operating with stable profits.

But while the global economy has improved in some areas over the past year, it is still not ready for sustainable growth. Despite our efforts, our organizations remain too complex, with significant duplication of effort, and too many organizational layers that slow decision-making. We’ve worked to simplify every aspect of our business, but without meaningful change, we won’t get to where we want to be.

Indeed CEO Chris Hyams