Careers site Indeed is laying off about 1,000 employees, or 8% of its workforce, in an effort to simplify its organization and reduce organizational layers. The company’s CEO, Chris Hyams, took responsibility for the job cuts and said that the firm is still not set up for growth after last year’s global slowdown in hiring resulted in declining sales.
The latest cuts will be more concentrated in the US and will primarily affect research-and-development and go-to-market teams. Hyams said that the company has been working to simplify every aspect of its business, but without meaningful change, it can’t get where it needs to go.
The company will work to ensure that underrepresented groups are not disproportionately affected by the layoffs. An updated organizational chart will be shared at a later date.
Hyams said that the company is committed to supporting its employees through this transition and will provide severance packages, career counseling, and other resources.
Indeed is the latest in a string of tech companies that have announced layoffs in recent months, as the industry grapples with slowing growth and economic uncertainty.
