Job Site Indeed Cuts 8% of Staff in Second Layoff in Two Years

Indeed Inc. plans to cut about 1,000 employees, or roughly 8% of its workforce, the job-search website’s second culling in two years as it seeks to simplify its business in a cooling labor market.

The Austin-based company will concentrate the latest round of cuts in the US with a focus on its research and development and some teams that bring products to customers, Chief Executive Officer Chris Hyams said in a message to employees on Monday. The unit of Japan’s Recruit Holdings Co. is “significantly restructuring” the R&D team, reducing layers of management and eliminating most of the sales and ...