Excerpt from the linked content^1 by Amanda Silberling:

>At a company that helps people find jobs, 2,200 employees will now have to embark on a job search of their own. Indeed laid off 15% of employees today, CEO Chris Hyams announced in an all-hands meeting.

>In a blog post, Hyams elaborated on the decision by explaining that the job market is expected to continue to cool down. Indeed makes its money by allowing companies to sponsor job listings, which shows the listing to more job seekers.

>But Hyams said that as of last quarter, sponsored job volumes were down 33% year over year, and total job openings were down 3.5%.

>The CEO will take a 25% cut in base pay himself.

>Employees were emailed about their job status within an hour of the announcement — the subject lines of these emails either read “Your Position Has Been Impacted” or “Your Position Has Not Been Impacted.”

>Employees in the U.K., Ireland, the Netherlands and Japan may still be in limbo, due to local regulations.

^1 Amanda Silberling for TechCrunch/Apollo Global Management, 22 Mar. 2023, https://techcrunch.com/2023/03/22/job-listing-platform-indeed-lays-off-2200-employees/