The Business Times
SUBSCRIBERS

Over 120 staff of jobs site Indeed laid off in Singapore as hiring boom cools

Claudia Chong

Claudia Chong

Published Thu, Mar 23, 2023 · 03:51 PM
    • Indeed is facing a rapidly cooling job market following a hiring boom during the pandemic.
    • Indeed is facing a rapidly cooling job market following a hiring boom during the pandemic. PHOTO: BLOOMBERG

    US-BASED job search platform Indeed cut over 120 staff in Singapore late Wednesday night (Mar 22) after announcing global layoffs affecting about 2,200 staff, or 15 per cent of its workforce, according to sources with knowledge of the matter.

    Indeed, which is facing a slowdown as companies scale back on hiring, retrenched workers across several teams in Singapore including software engineering, product development and talent acquisition, said sources familiar with the matter.

    Indeed declined to comment. The company has about 290 employees in Singapore, according to LinkedIn.

    Tech layoffsSingapore jobsSingapore manpower

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More