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The job site Indeed announced Monday it is preparing to lay off approximately 1,000 employees, a move that will affect mostly American workers.. The outlet said the CEO explained that the company is “not yet set up for growth after last year’s global slowdown in hiring caused multiple quarters of declining sales.”
Colin Pope of the Austin Business Journal told the outlet, “For Indeed in particular…they’re a jobs website, so they’re dependent on the job market, and it is getting softer.” The number of people across the United States applying for unemployment benefits hit its highest level in more than eight months recently, the Associated Press
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