The careers site Indeed will lay off about 1,000 employees, or 8% of its workforce.
In a memo, CEO Chris Hyams said the company is profitable, but not set up for sustainable growth.
He said the cuts are more targeted than last year’s across-the-board reduction of 2,200 workers.
“. . . Unlike last year’s across-the-board reduction of 2,200 workers, Hyams said the latest cuts will be more concentrated in the US and primarily affect the research-and-development and go-to-market teams. . . .”
Could also be an impact by our favorite topic - AI.
i suspect a lot of what Indeed does can be automated.
My job is now all about enhancing our AI capabilities with a focus on predicting who will call and then contacting them proactively as well as AI automation/self service etc.
Its insane how accurate our algorithm is in predicting when a customer will call and what their question is.
Yup. Could be that a lot of the layoffs are in their software development departments. They have their systems running – likely incorporating AI into them – and now you don’t need to retain all those software engineers.
“software engineers.” Are those the guys who keep writing software updates until the software is so slow & complicated I can no longer do the things I used to do?
