The CEO of Indeed, the Texas- and Connecticut-based job search company, announced Monday that he’s laying off about 1,000 workers. He specifically called out the company’s Foster City employees in the message.
Indeed’s layoff round will include 87 workers from the Bay Area office, according to a WARN notice filed Monday by the company. The filing, which was required by the Worker Adjustment and Retraining Notification Act due to the size of the layoff, said the permanent layoffs would officially go into effect July 12 and July 31. Indeed’s Foster City office is at 1051 E. Hillsdale Blvd.
CEO Chris Hyams’ layoff announcement was published Monday on Indeed’s website. He said the cuts represent 8% of the company’s workforce.
“Unlike last year, where our reduction was driven by cost savings, we are taking this action because we need to simplify our organization to make it easier and faster for us to make decisions, and help us to more effectively grow revenue and hires,” he wrote. Hyams noted that 2023’s layoffs had helped the company reach stable profitability.
Later in the missive, he said the company would be restructuring its research and development team and “reducing layers of management.” He also wrote that Indeed “will be eliminating most of the Sales and CS roles in Foster City, California,” but didn’t mention any other individual offices.
Davis Fishman, a spokesperson for Indeed through an external communications firm, told SFGATE that the layoff plan doesn’t include any changes to Indeed’s real estate footprint. Along with Foster City, the company has local offices in San Francisco, Mountain View, and San Mateo, per its website. Its two headquarters are in Austin, Texas, and Stamford, Connecticut.
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