Mar 23, 2023 10:49:00

Job information site Indeed announces that it has dismissed about 2,200 employees, about 15% of all employees

Indeed , a search engine specializing in job information that has services in more than 50 countries and regions such as Japan, the United States, and the United Kingdom, has dismissed approximately 2,200 employees, which is approximately 15% of all employees, in 2023. Announced on March 22nd. As the reason for the dismissal, CEO Chris Hyams said, 'Because the job market is expected to continue to cool down.'

A Message from our CEO, Chris Hyams - Indeed Press Room
https://www.indeed.com/press/releases/a-message-from-our-ceo-chris-hyams

Job listing platform Indeed lays off 2,200 employees | TechCrunch

https://techcrunch.com/2023/03/22/job-listing-platform-indeed-lays-off-2200-employees/

On March 22, 2023, Indeed announced a major layoff. In order to share information directly with all employees as soon as possible, Indeed within one hour of the announcement to all employees except Japan, the UK, Ireland and the Netherlands, 'Your dismissal has been decided' or 'You have been fired.' It is reported that it sent an email saying that it is not available. In addition, Japan, the United Kingdom, Ireland, and the Netherlands will notify you later in accordance with local laws.

Regarding the dismissal of 2,200 people, about 15% of the total workforce, Mr. Hyams said, 'We will select the dismissed people for the future, and match the strategy and priorities of Indeed, and the duplicate work content. We focused on reducing inefficient departments and departments.'

Mr. Hyams said, 'As I lead a company that provides employment support, I think every day about how important work is in life. Those who have lost their jobs due to the current workforce reduction are worried both financially and mentally. I understand that,' he said, clarifying that he will support the employees who were subject to dismissal.

Employees who are laid off from Indeed will receive their paychecks through March 31, 2023. Employees subject to dismissal will be blocked from accessing internal business systems, but will be able to access internal email and chat tools until March 26, 2023. In addition, the target employees will be given bonuses from January to March. In addition, employees who are subject to termination and leave Indeed will receive 16 weeks of base pay or two weeks of salary for each year of service, six months of access to a job placement service, and one It was announced that access to year-round mental care services is available.

Hyams said, ``After the epidemic of the new coronavirus, it is expected that the job market will continue to cool, with earnings expected to decline after 2023.In the fourth quarter of 2022, the total number of job openings in the United States will be It decreased by about 3.5% from the same period last year, and the number of job openings using employment support sites such as Indeed decreased by about 33%.'

``Indeed is too big for the outlook for the future job market,'' Hyams said. We have announced that we are laying off staff. Hyams also announced that he would cut his base salary by about 25%.

Mr. Hyams said, ``I am responsible for Indeed's current situation.