The owner of the Indeed and Glassdoor job sites said Thursday that net profit increased 8.5% from a year earlier to 106.43 billion yen, equivalent to $725.5 million, for the three months ended ...

But Indeed said job postings from the top 25 federal government contractors are down 15% since Jan. 20, compared to an overall decrease in job postings by all employers on Indeed of just 0.5%.

Indeed CEO Chris Hyams announced Monday that he is stepping down from his role leading the online hiring and recruiting platform. The company will turn to its former chief executive to take his place.

The owner of the Indeed and Glassdoor job sites said Thursday that net profit increased 8.5% from a year earlier to 106.43 billion yen, equivalent to $725.5 million, for the three months ended June.