Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
global
Sector
Information / Communication
Information Service Activities
Information Service Activities
63 - Information service activities

2,200 jobs
Number of planned job losses
Job loss
Announcement Date
22 March 2023
Employment effect (start)
22 March 2023
Foreseen end date

Description

Indeed, the job-listing platform, has announced a global restructuring plan which will cut 2,200 jobs from its workforce. The company has stated the job cuts will impact all teams, functions, levels and regions of the company. After COVID-19, job market vacancies in key markets have dropped and it is forecasted this trend will continue. This and the 33% drop in sponsored job advertisements are stated as the drivers of this restructuring. It is unclear what specific locations and units will be impacted. Further, there has been no disclosure of the restructuring process for employees or the role of trade unions. 


Sources

Citation

Eurofound (2023), Indeed, Internal restructuring in World, factsheet number 108727, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108727.