Job site Indeed cuts 1,000 jobs in strategic overhaul

Job search giant Indeed announced a strategic restructuring, reducing its workforce by 8% (approximately 1,000 employees). This targeted move differs from last year's broader layoffs and focuses on streamlining operations for faster decision-making.

The majority of reductions will occur within US-based R&D and Go-to-Market teams, aligning with Indeed's core mission of connecting job seekers and employers.

This strategic shift comes amidst heightened competition and investor focus on financial performance.

CEO Chris Hyams acknowledged the difficulty of the decision, emphasising the need for a leaner structure. He expressed confidence that these adjustments will solidify Indeed's long-term market position.

Hyams took responsibility, highlighting the leadership team's commitment to making tough choices for Indeed's future.