In a twist straight out of a corporate drama, Indeed, the well-known online recruiter, has announced yet another round of job cuts. Brace yourselves, Dublin, because as many as 70 positions from the Irish unit are set to vanish, as the company prepares to trim about 8 percent of its global workforce.
The US-based company revealed that 175 employees would initially face the consultation process. By June, 60 to 70 workers will find themselves in one-on-one meetings with management to discuss their future with the company.
Indeed informed Minister for Enterprise, Trade, and Employment Peter Burke of its plans on Tuesday. A department spokesperson confirmed the receipt of a collective redundancy notification. “The department received a collective redundancy notification in relation to potential redundancies at Indeed on May 14th. Any further queries should be directed to the company,” the spokesperson said.
The exact number of job cuts remains shrouded in mystery, as both the department and an Indeed spokesman chose to keep their cards close to their chests. However, insiders suggest the numbers align with the internal memo sent to staff.
The Financial Services Union (FSU), which represents a portion of the 1,000 Indeed employees stationed at the company’s European headquarters on Sir John Rogerson’s Quay and St. Stephen’s Green, is rallying the troops. An FSU spokesperson expressed the collective sentiment: “Our members are shocked and disappointed,” clearly still reeling from the bombshell announcement that comes just a year after Indeed slashed about 200 roles in Dublin.
Chris Hyams, Indeed’s CEO, delivered the news stating that unlike last year’s cuts driven by cost savings, this year’s reductions aim to simplify the organization. Hyams claimed this streamlining would make decision-making faster and more effective, ideally paving the way for revenue and hiring growth.
Despite a global economic uptick, Hyams admitted the company remains “too complex” and not yet poised for sustainable growth. Whether these changes will indeed lead to a streamlined, revenue-boosting machine or simply add another chapter to the corporate restructuring saga remains to be seen. For now, Dublin’s Indeed employees face a period of uncertainty and transition.
(Source: RTE | The Currency | Silicon Republic | Irish Times)
