Online job platform shed 2,200 employees last year, more than 200 of them in Dublin
Indeed 's offices in Dublin: The online job search company announced plans to shed 8 per cent of its global workforce on Monday. Photograph: Sam Boal/Rollingnews.ie
In a press release on Monday evening, Indeed chief executive Chris Hyams said Irish employees would find out “within the hour” whether they will enter a 30-day consultation period regarding their future with the group. However, he said the cuts will be “mostly concentrated” in the US and are “more focused” on research and development and go-to-market teams than last year’s cuts.
The total number of employees affected at the Irish operation is not yet clear. A spokeswoman for Indeed was approached for comment. The company will now enter into a 30-day consultation period with its employees in the Republic before it can issue a formal notice of redundancy to individual workers. Indeed is also required to notify Minister for Enterprise, Trade and Employment Peter Burke if it plans to shed more than 30 jobs here. The department has been approached for comment.
In his statement on Monday, Mr Hyams said the global slowdown in hiring last year led to “multiple consecutive quarters of revenue loss”. He said: “While the global economy has improved in several areas over the past year, we are not yet set up for sustainable growth. Despite our efforts so far, our organisation is still too complex, we still have significant duplication of effort and too many organisational layers that slow down decision-making.
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