ZipRecruiter Cuts 20% of Workforce in Latest Tech-Sector Layoffs
- CEO Ian Siegel will also see his base salary cut by 30%
- Half of job cuts will come from sales, customer support roles
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ZipRecruiter Inc., the job posting site, is eliminating about 20% of its workforce and giving its top executive a pay cut as it retrenches amid a broad slowdown in hiring.
The Santa Monica, California-based company plans to cut about 270 roles, according to a filing Wednesday, in response to “current market conditions.” The cuts, about half of which are in sales and customer support, will be mostly complete by the end of June. Chief Executive Officer Ian Siegel will also take a 30% cut to his base salary, which was $550,000 last year, according to the company’s annual proxy statement.