Over 120 staff of jobs site Indeed laid off in Singapore as hiring boom cools
Add BT as a preferred source
Claudia Chong
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
DBS CEO Tan Su Shan strikes upbeat tone on deposits, wealth growth after strong Q1; raises full-year guidance
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Malaysia’s 8th richest man Jeffrey Cheah wants Sunway business to last 10 generations
