Up to 600 Irish jobs at risk in Indeed redundancies

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A global credit crunch has had a major impact on the tech sector 💻

A whopping number of jobs, as many as 600 in total, at the recruitment company Indeed are at risk as the credit crunch continues to impact the sector.Overall, the company employs 1,400 people in Ireland with an office just off St Stephen's Green in the city centre and another in the Docklands.Although 600 were told that they might lose their job, it was reported in the Business Post that there are reports only around 200 jobs may be cut.

In the email, he said: "It is becoming increasingly likely that HR tech revenue will decline in 2023 and potentially again in 2024. "In the US, we are expecting job openings will likely decrease to pre-pandemic levels of about 7.5 million or even lower over the next two to three years. With future job openings at or below pre-pandemic levels, our organisation is simply too big for what lies ahead."

 

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