Job listing platform Indeed laying off 2,200 employees

SAN FRANCISCO, March 22 (Xinhua) -- Job listing platform Indeed announced on Wednesday that it's laying off 2,200 people, 15 percent of its employees.

In a blog post, its chief executive officer Chris Hyams said that the job market is expected to continue to cool down. As of last quarter, sponsored job volumes were down 33 percent year over year, and total job openings were down 3.5 percent in the United States.