The tech industry’s layoffs and hiring freezes: all of the news
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The site that’s supposed to help people find jobs is laying off thousands of people.
In an announcement, Indeed CEO Chris Hyams says the jobs listing company is cutting around 2,200 jobs across all departments, marking yet another tech business impacted by the rough economy.
Hyams said he takes “sole accountability” for the move, and states that he’ll be taking a 25 percent cut in base pay:
With future job openings at or below pre-pandemic levels, our organization is simply too big for what lies ahead... We have held out longer than many other companies, but the revenue trends are undeniable. So I have decided to act now.
Indeed Lays Off 2,200 People, or 15% of Staff, as Job Postings Drop
[The Information]
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