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The Indeed platform, one of the most popular for finding employment on the Internet, lays off 15% of its employees to prepare for a future in which they expect there to be much fewer job offers.
It seems that the crisis continues to worsen the sector technology both globally and particularly, and to a greater extent, to some technology giants based in the United States than in recent months they are carrying out massive layoffs about the galore, both by Facebook -or rather of Meta- as also on Google and in many other companies.
and the next technology that announces layoffs has not been long in coming, although in this case your ad is more curious because it’s actually about a company specialized in helping its users to find workas our colleagues informed us TechCrunch.
We talk of course Indeedone of the platforms online to find the most popular and used work in the United States, which has reported in the words of its Executive Director, Chris Hyams, that will lay off 15% of its staff of workers immediately.
Chris Hyams himself, CEO of Indeed, announced the dismissal of some 2,200 employees (15% of its current workforce) due to poor short-term forecasts for the job market in the United States.
Specifically, the number of Indeed employees already laid off and that they will directly swell their lists of job applicants is 2,200 peopleall of them informed from the company by email just one hour after the public announcement of its CEO.
This employment regulation for now only effective in the United Stateswhere labor protection laws are more lax, although It is not ruled out that they will also later affect the offices of the United Kingdom, Ireland, the Netherlands and Japan when authorizations are received from local regulators.
From Indeed they explained the difficult decision justifying themselves in a job market that is cooling rapidlywith an obvious affectation to its lines of business, since the company earns money with job offers sponsored by other companies. Chris Hyams himself says that these sponsored job posting numbers were down 33% year-on-yearand that offers in general have been reduced by a notable 3.5%.
With future job openings at or below pre-pandemic levels, our organization is simply too big for what lies ahead. We have managed to hold out longer than many other companies, but the revenue trends are undeniable and point downward. So we have decided to act now.
At least, since Indeed there has been minimal care for laid off employeesbecause although the US laws do not specify it, all of them have been offered compensation of 16 weeks of base salaryin addition to compensation for vacations accumulated and not enjoyed together with the RSU cash payment unvested (the part of salary paid in shares).
Not only that, but the company will help its employees with a professional placement service so that they can find another job as soon as possible, it will also pay for the services of mental health to those who need them, will keep for at least 4 months medical insurance and let them choose whether to keep their work laptop, which will be phased out of Indeed’s systems to allow all employees to say goodbye to their colleaguesretrieve your files and/or leave your personal contacts.
There are not many reproaches towards Indeed, because It seems that it is one of the companies that has best handled all these massive layoffs having previously consulted all the teams and being fair in terms of the cuts, also making sure that not disproportionately affect minorities or specific groups underrepresented in the United States.
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