> 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.
Lol. A 25% cut and “my revenue is at risk” is meaningless when you make more in a year than most of your employees will even retire with.
It’s crazy we don’t hold CEO’s to the same rigorous standards as employees, despite their importance (as measured by salary) being x 100 that of the average employee. Low risk, high reward.
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.
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.
If managers didn’t know, how was the decision taken?
I am a manager (not indeed but other company just doing layoffs) here and I received a first estimate of my boss and I adjust when I will let go whom (based on business needs).
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?
SpaceX is a company with all of it's employees and testing in one geographical location.
Indeed is a global company spanning multiple languages and governments. This requires creating, designing and specializing for multiple languages and sensibilities. JP Indeed has additional integration with LINE. It's hyper specific to Japan but that integration is required for success. Multiply that by a few factors for operating in each region, having dev groups for each region, understanding and operating within the law within each region...
I always see these kind of comments to be remarkably ignorant because operating on a global scale requires a global workforce.
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?
You probably underestimate the marketing, sales, and support aspects. Also, there are no doubt a ton of spam/scam jobs being posted constantly. I'm not saying it adds up to 15K, just more than you or I would think...
> Why does such a company need 15k employees to begin with?
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.
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.
BrentOzar|2 years ago
That’s how you tell people you’re accountable.
Vespasian|2 years ago
"People loosing jobs" instead of "Puffys getting the opportunity to move on.".
Also their yes/no mail has a clear title and they lay down policy that fired people get to use slack for a few days to "say goodbye to friends" etc.
Not great obviously (it's still kicking them out) but at least they are not adding insult to injury.
SamuelAdams|2 years ago
jwilber|2 years ago
It’s crazy we don’t hold CEO’s to the same rigorous standards as employees, despite their importance (as measured by salary) being x 100 that of the average employee. Low risk, high reward.
nunobrito|2 years ago
doktorhladnjak|2 years ago
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]
expertentipp|2 years ago
pokey96|2 years ago
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.
esel2k|2 years ago
Mizoguchi|2 years ago
fzeroracer|2 years ago
Indeed is a global company spanning multiple languages and governments. This requires creating, designing and specializing for multiple languages and sensibilities. JP Indeed has additional integration with LINE. It's hyper specific to Japan but that integration is required for success. Multiply that by a few factors for operating in each region, having dev groups for each region, understanding and operating within the law within each region...
I always see these kind of comments to be remarkably ignorant because operating on a global scale requires a global workforce.
NonEUCitizen|2 years ago
paulpauper|2 years ago
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?
icedchai|2 years ago
bsder|2 years ago
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.
lotsofpulp|2 years ago
throwaway5959|2 years ago
steve-atx-7600|2 years ago
Aeolun|2 years ago
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.
1attice|2 years ago
red-iron-pine|2 years ago
I've had good luck w/ indeed but it's not like they can't be easily replicated.
nihonjon|2 years ago
Indeed used LinkedIn to hire me :3
red-iron-pine|2 years ago
imwithstoopid|2 years ago
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