This post was originally published on this site
Indeed Inc. is planning to layoff about 1,000 employees on Monday, or roughly 8% of its workforce. This is Indeed, the job-search website’s second layoff in two years as it seeks to simplify its business in a cooling labor market. The cuts come after Indeed slashed 2,200 positions last year in March a bid to trim costs amid slowing revenue. Hyams also took a reduction in base pay at that time.
(Image Credit: indeed)
Indeed CEO Chris Hyams announced the job cuts on May