Indeed, co-headquartered in Stamford, CT and Austin, TX, is laying off 1,000 employees, representing about 8% of its workforce. In May 2023, about 2,200 cuts were made.
Questions about the number of cuts in the Stamford location go unanswered.
CT handouts: In 2017 the company qualified for a $7 million loan (of which $2 million has now been forgiven) and $15 million in tax credits (of which $3 million has been earned). These taxpayer funded grants and credits were based on headcount estimates.
Between the lines: CT taxpayers deserve to know the details about the Stamford headcount reductions. CT taxpayers are generous INDEED.