Indeed’s Irish arm swings into loss as firm ‘cautious’ over fluctuating Covid restrictions

Turnover also decreased at the recruitment firm, which said the pandemic ‘continued to have a broad impact on business performance’

24th November, 2021
Indeed’s Irish arm swings into loss as firm ‘cautious’ over fluctuating Covid restrictions
Indeed posted a loss of €5m in 2020 after recording a post-tax profit of €128m the previous year. Picture:

The Irish arm of Indeed, the online recruitment company, fell into a loss last year as the pandemic shuttered businesses across many sectors.

The company said the continuous relaxation and reintroduction of Covid-19 restrictions made it difficult to predict future business developments and noted that its outlook “remains cautious” as a result.

Accounts filed by the company, a subsidiary of Recruit Holdings Co, a Japanese-headquartered firm, show it posted a loss of €5.05...

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