Job search platform Indeed is set to lay off 225 employees in its Dublin office as the credit crunch continues to impact the tech sector.
Indeed employs 1,400 people in Ireland with an office just off St Stephen's Green in the city centre and another in the Dockands. Last month, the company confirmed that 15% of their global workforce, or 2,200 people globally, will lose their jobs.
In March, Indeed's chief executive Chris Hyams told employees in an email that recruitment would likely remain quite low. He said: "It is becoming increasingly likely that HR tech revenue will decline in 2023 and potentially again in 2024."
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Labour Leader and TD for Dublin Bay South Ivana Bacik has now called on management to ensure that there are fair redundancies and to "do right by its staff." She said: "I want to express my solidarity – and that of the Labour Party – with workers at Indeed, as they endure a stressful consultation period with their employer, in advance of planned redundancies.
"Indeed employs 1,400 people in Ireland, a significant portion of whom are my constituents in Dublin Bay South. 225 of these workers are set to be let go, with 640 people’s livelihoods potentially affected.
"My thoughts are with all those who I know will be worrying and wondering how they will provide for themselves and their families, should their jobs being among those which are cut."
Deputy Bacik referred to a report in the Business Post this week which stated that 85% of employees are unhappy with how management at the company have handled the layoff process. She said: "I note that the severance package which has been proposed is significantly less generous than those which have been offered by other Big Tech firms in recent months.
"A profitable company like Indeed should provide the most generous possible safety net for all those who risk losing their livelihoods. In recent months, we have learned of new redundancies from Indeed, Google, Meta, Amazon, Twitter, PayPal, Stripe, Salesforce, Intel and Microsoft.
"The confirmed job losses combined are likely to amount to approximately one thousand people, with details of additional cuts still due to be announced. Clearly, the sector is in chaos in Ireland, and it is causing immense uncertainty for the thousands of people who rely on the industry for a living."
Deputy Bacik has asked Minister for Enterprise, Trade and Employment Simon Coveney to make make strong representations to Indeed, to "remind the company’s management of their statutory obligation to engage in good faith" for the entire duration of the 30-day statutory consultation period.
Twitter, Meta, Stripe, Amazon, Intel, Microsoft, HubSpot and Salesforce have all announced cuts to their workforces in Ireland in recent months.
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