Jobs portal Indeed shuts Singapore tech office amid global layoffs
MORE than 200 Singapore-based employees of recruitment platform Indeed have lost their jobs on the back of a move by the US-headquartered company to slash 15 per cent of its global workforce, people familiar with the matter said.
Indeed on Wednesday night (Mar 22) laid off about 90 per cent of its more than 300-strong Singapore team mainly responsible for engineering and product development, the people said. Roles in talent acquisition and trust and safety were also among those affected.
The company is closing its Anson Road tech office as it battles a slowdown in business, underscoring the drastic cost-cutting steps tech companies have taken since the industry was upended by rising inflation and interest rates.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
Cruise operator Viking prices IPO within range to raise US$1.54 billion: source
Ninja Van axes more than 20 employees in tech team in Singapore
Temasek-backed PsiQuantum to build first commercial quantum computer
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
GoTo narrows Q1 loss to 420 billion rupiah with TikTok deal, cost cuts
Health-tech startup Thrixen bags US$7 million from 22Health Ventures, Aldevron co-founder