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.
On Wednesday the online recruiter made an announcement that around 15% (or 2,200 people) would lose their jobs.
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.
READ MORE: PayPal confirms office closure and 62 redundancies across Irish workforce
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.
The news comes as Amazon, Accenture and Workhuman also announced job cuts this week.
According to Dublin Live, Chris Hyams, Indeed's chief executive told customers in an email that recruitment would likely remain quite low, something that drives Indeed's business.
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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