Indeed will eliminate roughly 1,000 positions, and its Foster City office will absorb a significant share of the cuts.
The job search company filed a WARN notice Monday confirming 87 Bay Area employees will lose their jobs. Those permanent layoffs take effect July 12 and July 31. The Worker Adjustment and Retraining Notification Act required the filing because of the scale of the reduction.
CEO Chris Hyams published a message on Indeed’s website announcing the cuts, which touch 8% of the company’s workforce.
The decision follows a much larger round in March 2023, when Indeed slashed 2,200 roles. Hyams framed this latest move as a structural reset rather than a cost-cutting measure.
“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 acknowledged the 2023 layoffs had helped the business reach stable profitability. But this round targets organizational efficiency. He said Indeed will restructure its research and development team and trim management layers.
The company also plans to eliminate most sales and customer service roles in Foster City, California. Hyams did not identify other offices facing cuts.
Meanwhile, a company spokesperson said the layoffs won’t change Indeed’s real estate footprint. Beyond Foster City, Indeed maintains Bay Area offices in San Francisco, Mountain View, and San Mateo. Its dual headquarters sit in Austin, Texas, and Stamford, Connecticut.
The cuts arrive as tech companies continue recalibrating headcount amid shifting hiring demand. As a result, the job search sector itself faces pressure even as broader employment data sends mixed signals.
Indeed’s restructuring signals deeper changes ahead for how the company pursues revenue growth.
