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marketrent OP t1_jda9nrk wrote

Excerpt from the linked content^1 by Amanda Silberling:

>At a company that helps people find jobs, 2,200 employees will now have to embark on a job search of their own. Indeed laid off 15% of employees today, CEO Chris Hyams announced in an all-hands meeting.

>In a blog post, Hyams elaborated on the decision by explaining that the job market is expected to continue to cool down. Indeed makes its money by allowing companies to sponsor job listings, which shows the listing to more job seekers.

>But Hyams said that as of last quarter, sponsored job volumes were down 33% year over year, and total job openings were down 3.5%.

>The CEO will take a 25% cut in base pay himself.

>Employees were emailed about their job status within an hour of the announcement — the subject lines of these emails either read “Your Position Has Been Impacted” or “Your Position Has Not Been Impacted.”

>Employees in the U.K., Ireland, the Netherlands and Japan may still be in limbo, due to local regulations.

^1 Amanda Silberling for TechCrunch/Apollo Global Management, 22 Mar. 2023, https://techcrunch.com/2023/03/22/job-listing-platform-indeed-lays-off-2200-employees/

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Mikelightman t1_jdaa5dn wrote

Can we go back to a time when people didn't get shitcanned over email?

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GalvestonDreaming t1_jdaacq3 wrote

I guess Indeed will have 2,200 new job seekers on their website.

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-emanresUesoohC- t1_jdaaq87 wrote

2.2k is only 15% of the company?! They are bigger than spacex, for what?

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Somepotato t1_jdaf0os wrote

Good thing the ceo took an entire 25% base pay cut. What about the board, or coasters?

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crimlawguru t1_jdah9dy wrote

So much irony, one wonders where to even begin.

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[deleted] t1_jdai4vd wrote

What in the hell did they need almost 15000 employees for? That's insane!

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TheJadedSF t1_jdajbbo wrote

That site used to be so much better. Now they won’t even link you to the job listing on the employer’s website unless you are logged in with with an Indeed account. So I simply scout there, then go directly to the company’s website if I want to apply to something. What an idiotic strategy. Also filters reset every single flippin time you change something.

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askho t1_jdakzee wrote

Replying to deezynr (#2,310,949)

Indeed is more than just the indeed website, they own other companies such as simply hired, glass door and a bunch of other stuff. There’s lots of sales people, hr people on top of engineering. They are also more than just a job board they help people do resume reviews as well as do the actual interviewing for companies as well.

It all adds up when you realize they need a website that runs world wide 24/7 serving millions of people a day.

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cartsucks t1_jdalpnv wrote

How callous can you be to tell people via email with just two subject lines of basically “you can keep paying your bills” or “piss off”

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t0slink t1_jdasig1 wrote

Replying to [deleted] (#2,311,137)

You have never run or worked for an online platform with hundreds of millions of users, and it shows.

Just because you can use these websites for free does not mean they are cheap to run, in money or in manpower.

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MorbidSloth t1_jdax6r0 wrote

Severance is a 30 day trial for Indeed Plus

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QuickgetintheTARDIS t1_jdaxgmu wrote

Well, guess we all know what job search platform those former employees won't be using...

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_UltimatrixmaN_ t1_jdazumu wrote

How did they even have that many employees? It's a fucking job aggregator. Basically runs itself minus some poor network engineer in a dark room keeping the servers on.

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Bo_Jim t1_jdb0f8p wrote

Replying to cartsucks (#2,311,136)

At many companies you find out when your badge doesn't open the door, and someone from security walks up behind you to escort you to your cubicle so you can clear out your personal stuff, then to HR for the exit interview and final pay, and then out the door.

There really is no nice way to tell people they've been laid off. The best you can hope for is a severance package that will tide you over until you can find another job. If you're in your 50's then you'd better get a lot less picky about what you'll do to survive because the odds are good you'll never do the same kind of professional work again.

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neg_meat_popsicle t1_jdb0iw7 wrote

You were the chosen one! It was said that you would destroy the unemployment, not add them. You were to bring balance to the workForce, not leave it with an email!

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AGrayBull t1_jdb0ixu wrote

Replying to marketrent (#2,310,280)

Must be extra frustrating for employees, knowing there are fewer jobs posted now that they need the service, and that the lack of jobs is exactly why they lost their jobs and need the service.

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AirbagOff t1_jdb3trz wrote

I sincerely hope that some of these layoffs were from the teams that decided we should have take take a test before we could submit a job application.

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Zenshei t1_jdb3vr3 wrote

My friend works there, apparently her office was super tense and a bunch of people were crying. One person who was laid off just moved nearby to the office and just had a kid. Lost her job in an instant, no one was warned it was happening today

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r0gue007 t1_jdb4jpb wrote

Ya

Recruiters are being let go at a rapid pace in this hiring environment

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vellyr t1_jdb4ugk wrote

Replying to Jabberwock11 (#2,311,094)

I wonder that about every skyscraper office building. The amount of floor space in those things is gargantuan. It blows my mind that the average city employs enough spreadsheet-jugglers to fill even one of them.

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Admetus t1_jdb5zoq wrote

I read this as 'they indeed did lay off 2200 employees '

Indeed.

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joeg26reddit t1_jdb7czf wrote

Serious question

What percentage are usa citizens, and or permanent residents actually living in the USA?

This ratio is important as it more directly impacts local economies

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ChappedPappy t1_jdbapmu wrote

Replying to JoieDe_Vivre_ (#2,313,152)

Curious why LinkedIn is even on the same plane as Indeed here. I’ve found all of my jobs, albeit in the Tech industry, on LinkedIn. I hate the social media posting aspect of it but love it for finding work.

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JoieDe_Vivre_ t1_jdbb6h5 wrote

Replying to ChappedPappy (#2,313,273)

There’s a lot of issues. My favorite one to talk about is jobs listed as “Entry Level” per their literal search feature, then when you check the job description it requires 3+ YOE.

Please please please do not say “yeah but they mean entry level to that company” because it’s a really bad argument and purposely deceptive.

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tallkitty t1_jdbbomi wrote

All of the big ones are gonna do this.

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BlueTeamTV t1_jdbbqe7 wrote

Not sure how this relates to r/technology

−2

TheSwiggityBoot t1_jdbce4s wrote

Replying to ChappedPappy (#2,313,273)

Because its good for like 3 industries that are all working for a massive corp most small business which employ the most people dont touch that shit w/ a 10 foot pole, why would u pay for 90% shit candidates same goes for service industry linked in is a joke for any job that has high turn over. Its for the same reason sites like angies list lead generators are just not used by small businesses, because they are priced for corps.

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grep_cat t1_jdbcu2w wrote

Replying to Zenshei (#2,312,680)

That's so sad. I worked there for 5 years (left in 2021) and have lots of fond memories of working there. They treat their employees really well and have a great culture.

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Kyanche t1_jdbegv2 wrote

I wonder if any of these copycat CEOs are going to accidentally dumpster their company by laying off too many people.

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Procrasturbating t1_jdbf3rs wrote

Probably a lot less fake job postings these days. Salary requirements in some states, and PPP "loans" not needing paid back anymore.

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Educational_Hawk1236 t1_jdbkmvo wrote

Replying to r0gue007 (#2,312,744)

It was always so weird that tech, despite trying to revolutionize every other industry, has been shockingly bad at adopting tech as part of the hiring process. It's so weird that the recruiting model of the 80s and 90s stuck around so long

​

I expect the engineering will *eventually* recover, tech recruiting is gone for good.

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Drift_Life t1_jdbmh4f wrote

Replying to Somepotato (#2,310,681)

Sits spouse and kids down at the dinner table: “Honey, kids, I have some bad news. We’re going to have to tighten our belts a little, as I’m only going to bring in 2.5 million this year.”

I’m sure the kids are scared, and the possibility of divorce is heightened due to the financial troubles looming in the household. I hope they live in an area with free school lunches and generous social safety nets.

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closeafter t1_jdc9poj wrote

Replying to GalvestonDreaming (#2,310,339)

I hope not, Indeed is garbage. Every day I get their email with job listings, and absolutely none of the jobs there is remotely related to my experience, area, industry, geographic location or interests I set on my profile.

A random "who's hiring" google search is far more accurate. I'm stunned to learn they have more than 2000 employees

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745395 t1_jdcib3z wrote

That's incredibly ironic.

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sloblow t1_jdcqs6p wrote

Replying to [deleted] (#2,310,920)

This question needs to be asked about EVERY Federal Department and Agency. How many millions of utterly bullshit jobs are US taxpayers paying for? Doing nothing but attending meetings and "doing" email, all while surfing the web, is not work.

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DevAway22314 t1_jddcq45 wrote

Replying to Mikelightman (#2,315,772)

Honest question, why?

If I'm getting laid off, I'd rather an email. It allows me to collect my thoughts and respond in a way that is optimal for me. It also let's me avoid showing any emotion that could cause problems for me

To clarify: If I got laid off today, I'd be pretty happy about it. If my boss was having a difficult conversation laying me off and I'm obviously happy about it, it might sour any future working relationship. It's not my boss necessarily making the decision, and there are many former bosses who have moved to other companies that I'd be happy working with again

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Mikelightman t1_jddq7t0 wrote

Replying to DevAway22314 (#2,319,803)

that's fair. It's probably a personal preference. I feel like it's just another way that companies dehumanize their employees and treat them like broken toys. In my mind, the company gets to write a stilted robotic email devoid of any humanity and I'm left to float away in space. I've got a family, so if I got laid off, I'd be fucked. it's just harder processing it all alone.

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i_identify_as_natty t1_jddqm85 wrote

How does a thing like indeed even have 2,200 employees? I work for a company that provides a much more complex service and we’ve got like 500. Makes zero sense.

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octahexx t1_jddviby wrote

It usually leads to a braindrain skilled people start jumping ship when this happens they usually dont wait for the second round of layoffs.

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ValuableYesterday466 t1_jddxqs0 wrote

Replying to fortisvita (#2,312,836)

LinkedIn has been where I've gotten my last 4, maybe 5, jobs. All the recruiters are on there. Since it's patterned after a social media site it's a good communication channel for initial contact, and they can get a good overview of my skill set and location and job wants by checking out my profile.

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vellyr t1_jde26ik wrote

Replying to gabrielproject (#2,318,849)

Yes! I get that some of it is generational, but I’m a battery engineer and I’m living in a 1 bedroom. Who are all these people that can afford houses, condos, or even big apartments?

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JailbaitEater t1_jdea29v wrote

Currently job hunting. Do you have any recommendations other than LinkedIn and Indeed?

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misterjustin t1_jdezg4e wrote

Replying to Mikelightman (#2,310,318)

But most of these people work from home by choice. I’d say it would be more humiliating to be called into an office you rarely visit and see people you might never have met in person only to be fired.

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Mikelightman t1_jdfstkf wrote

Replying to misterjustin (#2,325,722)

>But most of these people work from home by choice.

That's a huge assumption and also completely irrelevant.

As someone who's experienced both, they're both equally but differently humiliating and depressing.

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