Careers site Indeed to lay off 1,000 workers

[aguest000]

Careers site Indeed says it will lay off roughly 1,000 employees as it looks to simplify its organization.

https://www.businessinsider.com/indeed-layoffs-ceo-chris-hyams-memo-2024-5

 

[bearpat]

@aguest000 At least they can use indeed to find the next job.

 

[xavier363]

@bearpat Indeed

 

[bibletruths]

@xavier363 Indeed you do they will...

 

[sheepduane]

@bearpat Ive had more success with Indeed than Linkedin, but not by much.

 

[aspie34]

@bearpat Wishful thinking

 

[victorwaves]

@aguest000 Amazes me why they even have more than 1000 employees

 

[james007r]

@victorwaves That was my first thought as well. Apparently, they employ over 14,000 people. Soon to be over 13,000, I guess.

 

[pookatini]

@james007r Fucking HOW

 

[blessedbythebest88]

@pookatini Those cloud servers don't power themselves.

 

[ws82]

@blessedbythebest88

Amazes me why they even have more than 1000 employees

It's like the "Twitter to X" transformation all over again.

 

[imehkbeetz]

@ws82 Twitter in general, that’s why Elon had to lay off so many because it was ridiculous

 

[yeshuashomri]

@pookatini I hear they have operators with headsets that connect search queries to results.

 

[soulace]

@pookatini It’s actually part of a Japanese company that also owns Glassdoor. Their stock is OTC under RCRRF.
I think the layoffs and employee count is across the whole enterprise.

 

[elin2011]

@victorwaves Tell me why Docusign has 7300!

 

[madhatter99]

@elin2011 So they can email me complaining about me using my account wrong and upsell me.

 

[bibletruths]

@elin2011 "Operations and Customer Support" /s

 

[klj]

@aguest000 Concerning given the success of a product such as Indeed is directly related to the healthiness of the employment market.

More jobs advertised means more revenue, and more growth, so more employees.

Now I haven't looked into the exact fundamentals of Indeed, maybe they are riddled with debt and it is an interest rates issue. But a careers site making lay offs seems pretty ominous to me.

 

[ckoch]

@klj More jobs advertised doesn't actually mean more jobs available though.

I have seen jobs on indeed that are actively promoted, well over 3 months old. When you go to the companies website the job is no longer posted.

Tons of job postings on Indeed are fake.

Nothing weird about layoffs. It's happening across tech as a whole. Tech does this mass hire and mass layoff cycle.

Though I am surprised to hear that indeed even has 1000 employees to layoff without completely gutting itself.

 

[klj]

@ckoch

More jobs advertised doesn't actually mean more jobs available though.

This isn't relevant to Indeed's revenues and profits. Less jobs advertised irrelevant of if they existed in the first place is bad for Indeed.

It doesn't matter if they ever existed, the fact companies can't even afford to fake that they are growing is potentially concerning in the first place.

All while Indeed, isn't a traditional tech company, it is directly a metric of employment opportunities, it wouldn't be laying people off if its numbers were shining, it would be attempting to grow further and faster. Having to cook the books through statistics isn't real grow, and its growth could be proportional to the job vacancies available.

Of course it could also just be losing market share to someone like Linked in.