Market demand for recruitment weakens, recruitment website Indeed announced 2200 layoffs

On March 23, Indeed, an online recruitment platform, said on Wednesday that it expected to cut about 2200 jobs, or 15 per cent of the company's workforce.

Today, the negative impact of economic uncertainty has spread to a variety of industries. Indeed, owned by Recruit Holdings, said the layoffs would involve almost every team, every position and all levels and regions. This round of layoffs includes not only employees on the Indeed platform, but also employees who work for temporary workers using Indeed Flex.

"revenue in human resources technology is increasingly likely to decline in fiscal 2023 and may continue to decline in fiscal 2024," Chris Hyams, chief executive of Indeed, said in a letter to all employees.

'The number of job openings in the U. S. market has declined recently, and the company expects this trend to continue over the next two to three years, 'Mr. Haimes said.

"because future job openings are only at or below pre-epidemic levels, our company is too large for future development," Haimes said. " Haimes said he would cut his base salary by 25%. "We have lasted longer than many other companies, but the general trend of declining revenue is undeniable."

Indeed will outline more cost-saving measures in its layoffs announced Thursday, Mr. Haimes said.

In addition to Indeed, many companies have announced or started layoffs in recent months.

The US labour market has recently shown signs of cooling, with 10.8 million job openings in January, but some companies prefer to leave jobs vacant rather than hire, according to the Labor Department.