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Indeed to lay off about 1,000 employees

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“They are mostly concentrated in the US and are more focused on R&D and some Go-to-Market teams,” he told employees in the message.

According to Hyams, they are “significantly restructuring” the research and development team and reducing layers of management there.

“We are also restructuring and aligning some Go-to-Market teams and will be eliminating most of the Sales and CS roles in Foster City, California,” the CEO added.

‘Too complex’ structure

Hyams attributed the layoffs to the organisation’s “still too complex” structure, stating too many organisational layers are slowing down decision-making.

“We are taking this action because we need to simplify our organisation to make it easier and faster for us to make decisions and help us to more effectively grow revenue and hires,” he said.

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