Jobs website Indeed is doubling the size of its European HQ in Dublin

The firm has racked up major losses in its local arm, but it still has plenty of cash to play with.

By Fora Staff

THE WORLD’S LARGEST jobs-listing website, Indeed, plans to double its staff in Ireland over the next two years.

The company today announced that it will hire 500 extra employees to add to its existing headcount of 530.

Indeed first established its Dublin office in March 2012 and the firm now runs its EMEA (Europe, Middle East and Africa) operations from the Irish base.

The company has already started recruiting staff for sales, client services, HR, business development, marketing, finance, strategy and operations roles.

Indeed president Chris Hyams said: “Having our EMEA hub in Dublin is the natural choice given the large pool of high-skilled talent both locally and from the rest of Europe.”

The company added that it had 19 nationalities represented in its local office.

Losses

According to the most recent accounts for the firm’s main Irish company, it had an average of 452 staff on the books during 2015, more than double the figure for a year earlier. The vast bulk of the workforce was employed in sales and marketing.

The company reported revenue of €144.2 million in 2015, up from €78.8 million the previous year. However, after administrative expenses of €202.6 million, it booked a loss for the year of €69.6 million.

The directors’ report said: “As the group is still implementing a strategy of expansion, the continuing operation of the group and company is dependent on the continued support from its parent company.”

The report noted the parent firm “has the ability to continue this support”, with cash on hand worth more than €2.2 billion.

Founded in 2004, the Austin, Texas-based jobs board has sites in more than 60 countries and 28 languages and is visited by 200 million people a month.

As well as showing paid listings, Indeed also aggregates ads from other sources such as jobs boards and company web pages.

Reporting by Paul Hosford and Peter Bodkin.

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