Indeed to Lay Off 1,000 Employees for Organizational Simplification
The job search giant's latest cuts, affecting 8% of its workforce, aim to streamline operations and enhance decision-making efficiency.
- CEO Chris Hyams announced the layoffs, emphasizing the need for a simpler organizational structure.
- The cuts will primarily affect U.S. employees, with a focus on research and development and go-to-market teams.
- This follows a larger 15% reduction in 2023 driven by cost-saving measures.
- Hyams assured that the decision-making process was objective, with no disproportionate impact on underrepresented groups.
- Impacted employees will receive increased separation packages, including severance and healthcare benefits.