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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?
Start a competitor to Indeed and attract their customers with your superior cost structure.
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.
Earlier quoted context omitted.
Start a competitor to Indeed and attract their customers with your superior cost structure.
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Earlier quoted context omitted.
Start a competitor to Indeed and attract their customers with your superior cost structure.
[flagged]
I'd be interested to see if you could even convince leftist anti-corporate monopoly interest groups to go along with your plans, never mind the fairly center right US govt.
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?
Start a competitor to Indeed and attract their customers with your superior cost structure.
They make money purely out of laziness of their customer base.
"Where should we post this listing? I don't know...Indeed?"
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?
Because not everything is tech?
For starters, Indeed is in a field with legal compliance issues. If somehow "No minorities." ever made it through their screening system all holy hell would come down on their heads.
That means that probably everything an employer could post needs to be vetted by a human eventually. That's a lot of people given the number of job postings.
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.
Earlier quoted context omitted.
Start a competitor to Indeed and attract their customers with your superior cost structure.
This is the best comeback to the mentally...struggling...people that make the half-baked argument that "tech companies are sooooooo bloated"
> 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.
> 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.
To be fair, stock prices typically go up after layoffs are announced. So it’s not like he is losing money.
IF comp is tied to revenue, it doesn't matter if the stock goes to the moon.
The stock goes up because investors think that revenue will go up if they pay fewer salaries.