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Accenture, which currently employs over seven lakh people, has said it will cut 19,000 workers, while job portal Indeed has announced a stuff reduction of 15 per cent in ‘nearly every team, function, level, and region’
Indeed trimming roughly 15% of work force
CEO Chris Hyams said that while Indeed has held off from job cuts longer than others, the revenue trends are ‘undeniable’.
Texas-based Indeed is laying off 2,200 employees due to a decrease in job openings following a recent post-COVID boom. CEO Chris Hyams apologized in a Wednesday letter.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero