Indeed cuts 15% of workforce, 2200 jobs

  • > I take sole accountability for where we are today. I am deeply and profoundly sorry. I will be taking a 25% cut in base pay. Additionally, more than 75% of my total compensation is directly tied to Indeed revenue growth, and is at risk given current trends.

    That’s how you tell people you’re accountable.

  • It’s so predictable even ChatGPT can write this drivel now

    Prompt: Write a press release for a company who is laying off 15% of its workforce. It’s in the voice of the ceo. Mention that they are accountable for this decision.

    —-

    Dear valued members of our community,

    It is with a heavy heart that I announce today that our company will be undergoing a significant workforce reduction. As a result of ongoing challenges in our industry and the global economy, we have made the difficult decision to lay off 15% of our workforce.

    This decision was not taken lightly, and we understand the impact it will have on the individuals and families affected. We are committed to supporting our colleagues during this transition and will be providing them with resources to help them find new opportunities.

    As the CEO of this company, I take full responsibility for this decision. It was a tough call, but it was necessary to ensure the long-term success and sustainability of our business. We remain committed to delivering exceptional products and services to our customers and believe that these changes will allow us to do so more effectively.

    We want to assure our customers, partners, and stakeholders that we remain committed to our values and to providing exceptional service. We will work hard to ensure that this transition is as smooth as possible and that we emerge from this period even stronger.

    We understand that there may be questions and concerns, and we are committed to providing answers and support to everyone affected by this decision. We will continue to communicate openly and transparently as we move forward.

    Thank you for your understanding and support during this challenging time.

    Sincerely,

    [Your Name] CEO of [Company Name]

  • Indeedian here, thankful to not have been in the 2200.

    Was a bit chaotic this morning, it doesn't seem like there was any clear pattern to who got layed off. Managers were given no advance notice for this either, know our manager was trying this morning to figure out over Slack who was affected by asking everyone.

  • How come Indeed has so many employees? 15K doing what? SpaceX is sending people to orbit on reusable rockets that can land on a moving platform on the ocean, with 4K less people. How is this even possible? Are most of Indeed employees sales reps?

  • That is pretty ironic, I guess. Like firetruck catching fire or ambulance getting in an accident.

    2,200 people go. This is roughly 15% of our team.

    Why does such a company need 15k employees to begin with? That seems like too many for a site that does not produce anything tangible. Coding, support, marketing, sales, etc. does it really add up to 15K?

  • I'm starting to feel like there is no way I can read any of these messages and feel like the CEO actually feels like they're responsible?

    This is objectively a very good severance package, the CEO is taking a pay cut, and the tone is about as generic and non-confrontation as it can be, but I'm still dissatisfied. It still reads to me like a different variation of IDGAF.

    There's just something about firing 2200 people, no matter the size of your company, that screams that you don't care. Like you didn't care in the first place. How do you accidentally hire 2200 people only to figure you need to get rid of them later? Don't hire them in the first place! It's just antithetical to how I imagine I would run any potential company.

  • It is probably not very comfortable for the folks whose job searches now begin on the website they used to be paid to develop. Oof. <3 to the 2200.

  • The irony is that Indeed is not the best place to find work for those 2200 who lost their jobs.

    Indeed used LinkedIn to hire me :3

  • interviewed there once

    was confounded by the high headcount, also confounded by the amount of commercial RE they held in Austin

    even after these layoffs, their headcount seems curiously high for a listings site