Careers site Indeed to lay off 1,000 workers

• The careers site Indeed will lay off about 1,000 employees, or 8% of its workforce.
• In a memo, CEO Chris Hyams said the company is profitable, but not set up for sustainable growth.
• He said the cuts are more targeted than last year's across-the-board reduction of 2,200 workers.

The careers site Indeed says it will lay off about 1,000 employees — about 8% of its workforce — as it looks to simplify its organization.