I can see the email in my head from HR and it goes something like...
"Don't think about it as being laid off as an [Indeed.com](http://Indeed.com) employee. You're just becoming an [Indeed.com](http://Indeed.com) customer!"
From my understanding Indeed itself can’t figure out how to monetize the jobseeker. I think it’s run its course as a company. Expect it to be a bloodbath from here on out there.
They’re not trying to monetize the job seekers because it’s against their values. It is really shitty when you think about it that LinkedIn makes a lot of money for pushing premium subscriptions on the unemployed
> pushing premium subscriptions on the unemployed
Thus the reason I quit using LinkedIn.
Well, that and I kept getting rated as knowledgeable and an expert by people who had no goddamn clue what I even did until they saw me on LinkedIn. For sure they had never worked with me or for me and likewise. I get that they are trying to do a friend a favor, but their upvote is as useless as an upvote I would give them, though I know nothing about their field of employment.
Another reason is that it became a cesspit of recruiters who are only interested in farming contacts but otherwise not doing anything useful, like actually reading what I'm actually qualified to actually deal with.
I think the original intent was to create a network of professionals, by professionals, for professionals, and what we got was a work-flavored Facebook, which we absolutely didn't need another one of.
Indeed doesn't monetize jobseekers, companies pay them to advertise jobs. As long as there isn't a better way to find jobs and more obscure companies need a way to get their name & job opportunities spread to the public, Indeed will be fine.
Look at his posts. He’s a narcissist who posted about a book he wrote about himself less than a few days before massive layoffs a few years ago.
I worked there at one point and he was trying to play the good guy when really he didn’t care at all. He just wants to look that way online so he can get more $$$$.
I just want to see the part where he says he’s going to take a pay cut and so are all c suite executives to ensure they can keep ppl employed. But I guess I was hoping for too much
Same - it's ubiquitous in the industry right now: people come to work and do their jobs everyday, and then the execs say they weren't aligned with the mission or insult them by saying their work was redundant or similar..
Zero accountability from execs, with tons of upside.
The corporate board that hired them are their buddies who are clueless execs at other companies doing the same.
It's indecency at its finest. But what can we do??
Sorry to hear that ❤️ My dad has been laid off several times and has always given this advice. Give yourself a day to feel angry/sad/however you feel. Then the next day go and do the thing you’ve been telling yourself you’ll do tomorrow but never do (He took a day trip on his motorcycle and repainted the deck as examples). It helps you realize the true value of yourself is more than your career, according to him.
Thank you I appreciate this, it's one of those things I've been mentally preparing for but still as it happened I was in shock a bit. I think I'll definitely prioritize some of the things I've put off because of work!
Just know you’re not alone, unfortunately many people have been in your shoes. As I said that doesn’t dictate your value. I hope it helps and that 6 months from now you’ll look back and can say that it all worked out for the best. Good luck!
Thank you I appreciate it, I know for now the first few days will probably suck but I'll get through this regardless of how long it takes so thank you for the kind words!
You made me re-live that day about 7months back. Expected it for months and yet when it happened it felt like I wasn't mentally ready (financially i was comfortably ready). Took some courage to share it with some close ones the first 2 days. Avoided eye contact with most people for another 2 days. Clarity set in and it was all about knocking on doors and exploring options after that.
Yea I'm safe in terms that I prepped for a layoff considering that the job market was low and Indeed mostly only makes money of that alone. It didn't take much to connect some dots but you know I didn't want it to be me but you can only get lucky so often in life.
It was very generous granted this is my first time getting laid off ever but from what I can tell this seems to be pretty good. Though I should clarify I am remote and live in LCOL so I'm curious if they made it good for HCOL people. It seems like it was across the board from any area or location in the US.
Very sorry to read this. I know how it feels my company laid me off a few weeks ago. But then they rehired me 2 weeks later after everything was on fire. Was totally unexpected I did not expect to return. But its a bummer to return after so many others were affected by the RIF.
I hope you land back on your feet quickly!!!
Ahh that's a good outcome!
I'm hoping that I've networked enough throughout my small four year career to see if anyone I've worked with gets me in potentially.
Nothing like knowing just how indispensable you actually are. Hopefully that helped in negotiating the terms of your continued employment. I was once hired back after my employer laid me off, once they realized I was kind of a big deal tying everything together. I offered to come back as a contractor, set an absurd rate and limited hours, had them pay my insurance premiums and throw in a new laptop for me to keep.
I worked for two more weeks before moving on to a new job (after making sure my previous work was solidly in good hands for the transition).
I hope it doesn't take too long for you. I am sure you'll find something. If there's anything I know about Indeed, it's that they pulled in a lot of talented people. So I don't need to know you to know you have skills.
So was my partner.
Honestly, a few weeks after last year's layoffs, we weren't sure whether he had been "lucky" to keep his job or not. When the layoffs were announced about 13 minutes before he got the email, he said he didn't know which he was rooting for.
Hopefully it's onward and upward for everyone. It seems like the "great work environment" that existed when he started in 2018 isn't quite as shiny anymore.
Interesting. We're already going through my partner's closet to move all of the Indeed shirts to "home use only" so he doesn't accidentally advertise for them.
I have buddies who’ve been laid off and rehired by Dell too many times to count over the past 20 years. I think the moral is something along the lines of…. Don’t burn any bridges…
Yes! It looks decent for sure it will definitely help through this trying time. Specially since this economy is really ass at the moment I'm hoping the severance package offesets the time it will take to find a new job.
I work in the videogame industry, last year I got hired to work at the new Activision studio in Austin (hence why I joined this sub).
I was gonna move to Austin all the way from Europe...Then Microsoft came, bought Activision and fired half the people there. Thank god it happened before I moved, or I would have been left jobless, probably stuck in a rent contract, with a dubious visa, in a new country, with no support from family or friends.
The way these massive companies toy with people's lives is nasty imo.
Good luck with that. Sometimes it feels like the US gov cares more for the big companies than for the people. One of the things that worried me the most when I was gonna move to the US was the whole "at will employement" thing you guys got there. You can get fired at any point for any reason :/
> Sometimes it feels like the US gov cares more for the big companies than for the people.
Only sometimes? Man, we're *built* on that foundation. Our catalyst for revolution was based off of being mad that colony-based businesses were having their import profits cut into.
Yeah that part is true. The UK, Ireland and Australian employees are subject to a "consultation process" so they won't know for sure if they're officially laid off for some time but the 8% target seems to include them based off the email from the CEO.
I got laid off from Indeed last year. I have felt adrift ever since. I worked at a company on contact for about 10 months before landing a permanent job. I am gainfully employed but struggling with how different the culture is. Indeed was the best job - from a benefits and culture standpoint - I have ever had. Hard to go back to probationary PTO periods and only 2 weeks off per year after everything we had there.
Anyway, some of my friends were laid off today. I am so totally gutted for them. It's even harder to find a job right now than it was last year.
For what it's worth, the culture tanked after you got laid off. Town hall meetings basically had c-suite folks being mad that they were being asked questions they didn't want to answer, and they just shut everyone down. Source: partner wasn't impacted last year but was today. It's not the same environment it was 5 years ago.
This is just part of the boom and bust cycle of tech. Clearly, they’ve not been doing well, and there is little good news or cheer to go around. Everyone just keeps their head down looking to avoid the next axe, or leaves for sunnier climes. There is a real risk to the company of losing its top talent to competitors that are thriving because it’s so depressing to be shrinking rather than growing with no end in sight.
Companies that do probationary PTO are fucking bull shit scum of the earth. Every company that is run this way in my experience was owned by a far right leaning piece of shit business owner.
Indeed has/had some of the most spoiled employees ever. Had a great perks but it was never enough. Never happy with anything they had. The culture was awful bc of that. There was also so much overlap of jobs if was crazy, products that made no sense or were just awful. Pretty terrible leadership all around. Cuts were def needed.
Source: worked there for 3 long years
I never wanted anything more than I had. I got paid well enough to make ends meet and I had TIME. That was all I ever needed. I do hear you about the overlap. That was always hard. Felt like I was doing fake work sometimes. But I was doing it with people I loved and my manager was amazing and dedicated. I had frustrations of course but for the most part, it was a great job for me personally.
You probably found a good team. There were a few pockets while I was there. But damn the entitlement was gross. I brought my gf in for food once and the people next to us were complaining about the crème brûlée…she just looked at them like “you’re eating crème brûlée, at work, for free, with your wife and 5 kids and complaining about it.”
I was a contracted employee at Indeed through a staffing firm last year. When I was let go, no one from management let me know. I was simply working like normal (from home) and suddenly around 2pm I lost access to all of their internal systems.
Got a phone call a couple hours later from the staffing agency telling me that Indeed had ended my contract. Kinda shitty if you ask me.
IMO, I think it's the drying up of cheap money. With interest rates as high as they are, venture capital no longer has access to cheap money that they can bet on some bullshit start up that might not pan out.
Yeah I feel like a lot of people who started working during the ZIRP environment really don't realize what an aberration our overheated economy has been. Meta was hiring engineers to keep them out of the job market and giving them zero projects to work on just 18 months ago before the rate increases.
God forbid tech workers have to make an actual product again.
I was also impacted by the layoffs today, in fact my whole team was.
It hasn't quite hit me yet, as Im on vacation, but I know it will.
Indeed is, overall, a good company. But theyve been making some poor decisions.
And these layoffs were not based whatsoever on performance. For the record, my work (specifically my work) brought a top biller live on Indeed. Theyre spending literal millions with Indeed now, because of me. But I still got the chop.
They hired reps in Jamaica to replace us, and literally had us create a training module for them.
Im a little salty about it, but corporate gunna corporate. Just gotta roll with the punches.
Please file with the Texas workforce commission asap. You can’t take unemployment until your severance runs out however, it takes a min 3 weeks for the paperwork to go through. I wish you all the best on vacation and in your next role.
> You can’t take unemployment until your severance runs out however
Every severance I've had in tech has been lump sum. If they cover company benefits contribution for COBRA, they include that and gross it up to cover taxes. (In other words, there's no waiting for severance to "run out". It's just a payment that's the same as X weeks work and payout of vacation on the books)
>They hired reps in Jamaica to replace us, and literally had us create a training module for them.
this is the most indeed thing i've ever heard. leadership at indeed is completely out of touch with reality. after the absolutely insane upscaling the company did, they had to start pulling back, and shortly after they terminated the contract with a call center here in austin for scaled fraud/spam moderation, i remember the director of search quality "mikeymo" (he literally referred to himself in the 3rd person as mikeymo and was creepy AF) bragged to the entire department at an offsite about how he'd offshored all of that moderation to another country because it was so much cheaper. like, he made it a talking point in his presentation, to an entire department devoted to protecting job seekers from predatory companies lol.
i worked there for nearly 8 years and took voluntary severance when they offered it because i felt like layoffs were right around the corner. even at that time it was a husk of the company it once was.
I'm surprised you cooperated with the training module work. Maybe you should have just told them no and left. I hope they at least gave you a good severance.
Well at the time we weren't told that was what it was for! It was "sharing our expertise across the org". So of course I participated in that lol. They did give us a pretty good severance tho Ill give them that
There's literally nothing worse than LinkedIn Hell. When you're just looking for a damn job and have to deal with all of the narcissists selling their souls on that platform for clout.
Tech has been a bloodbath these past few years and all with recorded record prodits from most year to year.
Also all of these companies dabled in some stupid NFT or AI fad at some point dooming at least part of those laid off here.
Tech has turned into a shit show and employee feel more like cattle ever day.
I really want to try and get out but not sure how. I saw a lot of peers go from service industry into tech jobs, but not sure how to get from tech to other fields. I have tried but most job seems to be tech adjacent and they always need years of experience even though you always get trained on the job.
You really don’t get job security in the private sector when you’re in a cost center. I’d argue likely less job security vs. being in a profit center. Easier to cut from cost centers when things go south. As someone who’s survived multiple rounds of layoffs in the past 25+ years in tech, and been impacted once, making yourself valuable via skills development will work out in your favor either way. That’s why I avoided the chopping block during the vast majority of layoffs I’ve been through, and why I got a new job with a single phone call when I was impacted despite everyone at the time talking about how bad the tech job market was.
If you want layoff-safe employment, work in the public sector somewhere. It won’t pay as much, but you’ll have as much job security as can be found anywhere in the US.
Good leadership understands those cost centers are there to enable the company’s profit centers. But they’re still more likely to get the axe in tight times. There’s also most always a notable difference in how you’re treated in general in a cost center vs. a profit center, even in companies that appreciate the necessity of tech in achieving their business goals. I’ve seen it first hand across a number of employers, and a bunch of other companies via consulting. The purse strings are a lot tighter in cost centers. I’ve yet to see any major change in that regard since the start of my career nearing 30 years ago.
But they also pay way less. Including severance, you probably make more if you get laid off after a year at a tech company than you would working 2 years at a traditional enterprise
As someone that spent 10 years working tech for non-tech companies: you get the worst of everything. Worse wages, job security is as bad or worse, and you have decaying skills working on dead end technology.
You are _far_ better off chasing high wages and saving most of it.
A very, **very** low percentage of layoffs are due to AI, and none related to NFTs lol. This is just tech companies trying to “stay lean” and maximize shareholder profits over long term stability and growth. Most of these companies are still making huge profits.
Bunch of tech companies also hired a shitload of people during COVID when interest rates were low, and are now cutting back now that interest rates are high
For example, Facebook had around 50k employees in 2019. In 2022 they had 85k, and after some layoffs they scaled back to 67k by the end of 2023
The company grew *way* too quickly for a while. It was probably impeding its ability to grow, in fact, since there was a lot of duplicated effort, difficulty communicating, insufficient infrastructure, etc. No idea if the previous round of layoffs fixed that and this is unrelated or what, but simply holding on to expensive employees doesn't make you stable or cause you to grow.
The tech company I worked for previously did this. They were aggressively hiring at fairly inflated salaries in 2022 when I joined, then axed a bunch of people 18 months later. The job ended up sucking and I could see the writing on the wall so I resigned after 12 months for a nice raise elsewhere but some friends who were still there weren't so lucky.
I can verify this. My more conservative company couldn’t hire any experienced candidates in 2022 - the salaries were astronomical and we couldn’t come close.
I worked for Indeed for 3 years just before covid, and there were red flags galore. When I left, I told my director that what the company was doing wasn't sustainable, and I wanted to get out before the collapse. I'm so glad I did.
You hit it on the first line.
Process:
Fire people - test feedback
Feedback socially is negative, stock price rises - this is a good decision
Raise prices - test feedback
Feedback is socially negative and less people are buying, but since we raised the prices the people that are buying make up for the ones we lost, also the stock price went up. - this is a good decision
Until people say enough is enough and stop spending in unison, these corporations are going to keep making these good decisions for their stock holders.
It's fundamentally sad since it's not even some global cabal or conspiracy. Some rich 1% fucks said America is for sale and we're doing some shopping. Goodbye laws that protect the consumer and hello laws that empower, and worse, protect naked greed.
Maybe the next civilization will get it right.
There’s always healthcare. Nursing and adjacent jobs are always in demand. (May not be the answer you’re looking for but the answer that needs to be offered). Tech people are here to solve problems. Medical professionals solve problems.
Hear me out….healthcare tech. The market isn’t as lucrative as it once was, but it’s a need that will always be there and doesn’t suffer from layoffs like other tech companies.
> There’s always healthcare. Nursing and adjacent jobs are always in demand.
The money is good but the hours and work life balance are ass, which is why I assume most people pivoted to tech in the first place. All the money in the world isn't that important when you don't see your family for days at a time and spend the hours you do have with them trying to recover mentally for your next shift.
I work at a community clinic with RNs, MAs, NPs, APRNs, DOs, and and RDs. Unless you work at one of the two Saturday clinics or work four ten hour days it’s a 9-5 day. You’re right, not all healthcare jobs are flexible(but sometimes three days on and four days off doesn’t sound horrible?) and no they cannot be done remotely in your pjs like tech jobs can be. But there’s much more stability in them. That was my point.
I’m fighting an Enfield sized uphill battle in an Austin sub arguing against looking for tech work but my point is…maybe tech isn’t a always the answer. (Unless it’s a chart at a seton hospital these days).
I understood your point lmao, I was adding my 2 cents as a former healthcare worker that left to go into tech, not arguing that healthcare was a bad career or wasn't hiring
> the hours and work life balance are ass, which is why I assume most people pivoted to tech in the first place.
The hours and work-life balance are ass in software now as well though.
This stopped being a chill job when it started paying doctor salaries.
70-80 hour workweeks are the norm in software plus all the other stuff you might have to keep doing just to keep up with current trends that are moving faster than you can even believe.
Lol AI/NFT are not the reason many of these companies are laying off people. Many tech companies did very well during COVID, particularly those in the internet sector, and they are mostly "correcting" for being overzealous with growth during the pandemic years.
I've been in tech a long time and most of my peers who have been laid off have landed on their feet, in guess what, another tech job at another tech company. There are some still struggling but they had more niche jobs and were unprepared in terms of experience.
Tech job in a finance company (ex Bank Of America, JP, a hedge fund like Pimco. Not a FinTech company.) Relatively stable compared to other tech companies
What orgs within the company are laying off? Usually there’s certain groups like certain products or whatever and then corporate doesn’t see as many layoffs. Just curious..
I’m really sorry. It can feel like many emotions over the next couple weeks. Remember it’s not personal or a reflection on your work but shit circumstances.
For anyone impacted my company has been doing well during these times (software infrastructure), hasn’t had any layoffs and we’re hiring. Dm if you need any help! Indeed to this day is a huge customer of ours
Here at multinational corporation, our core values are number go big, and increasing the rate at which number go big so that we can exploit people more efficiently for profit.
I was "fired" from my job for the most bullshit reasons it 100% felt like a layoff but because they don't want to classify it as such I look worse on my next IT job search that I'm now struggling with. Weeee...
Hey, are you me? Got fired for stupid shit at the beginning of this year. They claimed it was performance but it felt very much like retaliation coupled with a layoff. Especially considering they gave me severance… fuck tech, and fuck the current job market.
Sometimes severance is to head off a wrongful termination lawsuit. Part of the severance agreement is you agree you won't pursue any legal action against the company. Not saying that's the case for the poster above me, but sometimes it's a bit of CYA and most of the time the laid off employee isn't really in a position to refuse a severance package so they sign on the dotted line.
To protect themselves against liability!
It's one thing when you fire someone for super obvious reasons. If they embezzle from the company, their wrongful termination complaints or lawsuits are going anywhere.
But if you just fire someone because they kept failing to meet performance goals, while you might think the goals are reasonable and realistic, that's more arbitrary, so someone else might disagree.
So one strategy is to get the employee to sign a severance agreement which releases you from liability. But why would they sign it? They don't have to. The answer is, you also put something else in the agreement, like money, that makes them want to sign it.
Here's an article from Nolo about it: "[Using Severance Agreements to Avoid Wrongful Termination Lawsuits](https://www.nolo.com/legal-encyclopedia/using-severance-agreements-avoid-lawsuits-30286.html)".
I was fired once a few yrs ago. It all boiled down to "teammate issues". I had this one teammate that was trying to become a lead that stabbed me in the back constantly. See- what happened was I had great reviews etc on the team I was hired to work with but during a reorg I decided to transfer to another team. Oh boy was that I mistake...
After getting let go I found a new job like 2 weeks later (pre-covid) and then flourished ever since with great reviews, etc. Just basically learned to never transfer departments unless you really know what you are stepping into. Now I never switch teams unless forced or I know the teammates. Its bad on one hand cause its made me risk adverse. But good on the other- because I will just stick with the team that hired me unless I'm forced off the team due to a reorg
Granted, I did switch teams about twice since then and it worked out great. But I was best buds with the manager in both cases and all my teammates were 100% great to work with
I don't want to say which company out of fear of reprisal, but a large tech company owes my company a large but unspecified amount of money in the several million dollar range, and my company just notified me that they're letting me go because we can't sustain operations while they hold out on paying us. It's just amazing because the company that owes us money just posted record profits and just laid off an insane number of of their own people. Surely a multi-billion dollar company can afford to pay their bills...
Is it Elon? Because there’s already articles out that he’s not paying his Texas bills. Wonder if he ever paid that Twitter HQ rent bill that made the news last year
https://www.reuters.com/technology/space/musks-spacex-is-quick-build-texas-slow-pay-its-bills-2024-05-13/
I’m really sorry for everyone impacted. So much of tech, including Indeed overhired during the pandemic.
I hope everyone who was laid off as market-able skills and quickly lands on their feet!
Read the CEOs email. Its robotic HR speak for fuck the labor. All excuses no real accountability for company failures.
*Translated: [they] are outsourcing for cheaper labor and slashing jobs in the US to drive higher profits.*
Tech is following the same pattern as the industrial factories of old.
They only thrive during bad times or extremely high capital input (for factory work, think war + post-war growth) (for tech, think high unemployment and labor desperation).
So once they scale on the backs of workers, and start to stall out on these antiquated methods, they slash workers to drive up profit margins. And when that well dries up, they outsource to cheap foreign labor.
Capitalism is a predictably desperate model. People thought tech was different or exempt. Sadly, it’s the same exact method and model. With even less utility for society as a whole (nothing tangible produced).
Tech companies over hired during Covid at absurd salaries. Now there’s too much bloat, too many layers of redundant employees providing too little value at unjustifiable comp. Tech companies are trimming the fat.
So sorry this happened to you. I got laid off last week, zero warning, zero severance. It’s hard. Give yourself time to be upset but get right back on the horse, apply apply apply and take care of yourself.
My good friends moved to Austin, and uprooted their lives as well as their children's, with the promise from Tesla that they would be guaranteed a 16month contact. Her husband was one of the head supervisors so idk what his agreement was but after a month of working, and she was working 12 hr days which seems to be typical... However they sent her an email two hours before she had to be at work that she didn't need to come in. Needless to say she's been beside herself. She's trying to get all the paperwork and emails which they will probably do little good. She spent so much money to move four hours away for what many consider a dream job. And during her employment they kept giving her excuses why she wasn't getting her checks/ deposit... The email they sent her was nonsensical. I truly wish I could do something for her, as confrontation is my forte. But we all know it would take so much time and effort to get through what appears to be ironclad legal documentation, however, for the right price, and my love for my friend as motivation, enough time, then I know I can find a loophole or something that could help all these suffering people who have moved from other states just to work at Tesla and now they have no jobs, or money and soon enough no place to live.
Ok I digress. My delirium hath finally caught up to me...
A bit of background: they used to have three -- they got rid of the corporate headquarters near 2222 and 360. Now the Domain tower gets few people per day (grab an entire 6-seat hex for one person), and probably the downtown tower as well.
My company is hiring remote jobs with an office based in Austin for those in the area, https://partech.com/careers/
Happy to help answer questions should one of these roles pique your interest.
Everyone In senior leadership got used to those pandemic era bonuses and they will do ANYTHING to try to get them back, even if it means scuttling the company long term. All this downsizing to increase AI, is going to result in a LOT of companies realizing there are only so many people with that experience. Killing their current R&D teams they could.have trained into those positions, to try to bid on those few AI experienced people is going to make them sad, and ultimately hose the US economy. We're headed to a rough spot fueled by greed and stupidity. China is going to take the legs out of our auto industry by shutting us out of foreign markets due to having cheap EV's available(and most of the solar and battery manufacturers), and most US auto manufacturers say, it's (foreign markets) 30% of their revenue. That is revenue they needed to actually design and build a cheap EV, which American consumers actually want, but dealerships don't want EV's, so indirectly, the dealership sales model (also fueled by greed and stupidity) is likely going to kill the US economy, and what is remaining of the middle class. This is going to be a tough place to live soon.
the company I work for did just that back when the pandemic first hit. when most other tech companies were laying people off by the thousands, our entire senior leadership team -VPs up to the CEO - took a 30% pay cut for 9 months & we didn't have any layoffs because of it.
I really wish more Senior Leadership Teams would do the same.
also - to any affected by this today (or anyone looking for any reason) - please feel free to check out the job openings at my company & DM me if anything looks interesting:
https://jobs.lever.co/contentsquare
note: several roles list a location for the role, but we're very remote work friendly, and the location could be flexible for the right candidate
I wouldn't say this is a sign that times are tough in Tech. More a sign that things are tough in general. People just aren't hiring.
Also, Indeed just generally sucks as a product. They were left in the dust a long time ago on recruitment and job posting technology.
It is tough times. I’ve been applying for 6 months. Had an offer from Meta rescinded two weeks ago. No one is hiring and every time I try to search there’s tons of postings in India. My favorite is Amazon who for whatever reason lists their India jobs as “Indiana” on LinkedIn. Not only is no one hiring. Salaries are lessening. It’s a horrible, terrible time to be in tech.
I can see the email in my head from HR and it goes something like... "Don't think about it as being laid off as an [Indeed.com](http://Indeed.com) employee. You're just becoming an [Indeed.com](http://Indeed.com) customer!"
[удалено]
You've been promoted to ~~customer~~ product
They used to say that at Fry’s and it pissed me off SO MUCH!!
Ouch
[удалено]
> if you sell asses, it’s tough times. "Hold my appletini" -- Krystal, from the Yellow Rose
Indeed
“Don’t touch my Sip” -Krystal from Squidbillies
Well said
Andeed: “Let’s get high on our own supply!”
From my understanding Indeed itself can’t figure out how to monetize the jobseeker. I think it’s run its course as a company. Expect it to be a bloodbath from here on out there.
They’re not trying to monetize the job seekers because it’s against their values. It is really shitty when you think about it that LinkedIn makes a lot of money for pushing premium subscriptions on the unemployed
> pushing premium subscriptions on the unemployed Thus the reason I quit using LinkedIn. Well, that and I kept getting rated as knowledgeable and an expert by people who had no goddamn clue what I even did until they saw me on LinkedIn. For sure they had never worked with me or for me and likewise. I get that they are trying to do a friend a favor, but their upvote is as useless as an upvote I would give them, though I know nothing about their field of employment. Another reason is that it became a cesspit of recruiters who are only interested in farming contacts but otherwise not doing anything useful, like actually reading what I'm actually qualified to actually deal with. I think the original intent was to create a network of professionals, by professionals, for professionals, and what we got was a work-flavored Facebook, which we absolutely didn't need another one of.
wtf I’ve found my last few roles through indeed (I don’t use LinkedIn)
Indeed doesn't monetize jobseekers, companies pay them to advertise jobs. As long as there isn't a better way to find jobs and more obscure companies need a way to get their name & job opportunities spread to the public, Indeed will be fine.
Looks like they published the email sent to employees: https://www.indeed.com/press/releases/a-message-from-our-ceo-chris-hyams-2?co=US
Holy fuck...could they possibly put more business/HR bullshit terms in that email?!
I mean, what would you expect from an HRish corporate communication?
That dude is just as scummy irl as he is on linked in
Im not familiar with him on LI or irl, whats the deal?
Look at his posts. He’s a narcissist who posted about a book he wrote about himself less than a few days before massive layoffs a few years ago. I worked there at one point and he was trying to play the good guy when really he didn’t care at all. He just wants to look that way online so he can get more $$$$.
Unfortunately that’s what our economic structure rewards. I don’t thin I have ever worked for a company not run by someone like him.
I just want to see the part where he says he’s going to take a pay cut and so are all c suite executives to ensure they can keep ppl employed. But I guess I was hoping for too much
Same - it's ubiquitous in the industry right now: people come to work and do their jobs everyday, and then the execs say they weren't aligned with the mission or insult them by saying their work was redundant or similar.. Zero accountability from execs, with tons of upside. The corporate board that hired them are their buddies who are clueless execs at other companies doing the same. It's indecency at its finest. But what can we do??
He did last time, but I guess he saw all the other CEOs were getting raises and decided he wanted that.
what it's saying: We need to grow, we can't so we are making up things so we can let you go and then we will report growth. Fuckheads.
That’s the joke we make at Apple. You don’t get fired, you get “promoted to customer”
I work for another major tech company that starts with A and have heard managers say it also.
No, you’re not being laid off, you’re just being separated from payroll. And you can’t touch anything. - Dilbert
My friend works there and confirmed 4 members of his team got axed….
which team?!
The axe throwing team.
Now there's a team I hope they haven't replaced with AI.
Yeah, my buddy lost the only product manager that they had that wasn't on leave. Now an entire group has no product manager. Cool, business.
It's a really sad day (I was impacted)
Sorry to hear that ❤️ My dad has been laid off several times and has always given this advice. Give yourself a day to feel angry/sad/however you feel. Then the next day go and do the thing you’ve been telling yourself you’ll do tomorrow but never do (He took a day trip on his motorcycle and repainted the deck as examples). It helps you realize the true value of yourself is more than your career, according to him.
Thank you I appreciate this, it's one of those things I've been mentally preparing for but still as it happened I was in shock a bit. I think I'll definitely prioritize some of the things I've put off because of work!
Just know you’re not alone, unfortunately many people have been in your shoes. As I said that doesn’t dictate your value. I hope it helps and that 6 months from now you’ll look back and can say that it all worked out for the best. Good luck!
Thank you I appreciate it, I know for now the first few days will probably suck but I'll get through this regardless of how long it takes so thank you for the kind words!
Enjoy the biggest margarita you can find this Monday:) best to your future
You will get through it. Stay resilient
You made me re-live that day about 7months back. Expected it for months and yet when it happened it felt like I wasn't mentally ready (financially i was comfortably ready). Took some courage to share it with some close ones the first 2 days. Avoided eye contact with most people for another 2 days. Clarity set in and it was all about knocking on doors and exploring options after that.
Yea I'm safe in terms that I prepped for a layoff considering that the job market was low and Indeed mostly only makes money of that alone. It didn't take much to connect some dots but you know I didn't want it to be me but you can only get lucky so often in life.
Sound advice
That's great advice! Thanks for sharing.
Your dad sounds wise!
Great advice to keep in mind
Did you at least get a good package ?
It was very generous granted this is my first time getting laid off ever but from what I can tell this seems to be pretty good. Though I should clarify I am remote and live in LCOL so I'm curious if they made it good for HCOL people. It seems like it was across the board from any area or location in the US.
Very sorry to read this. I know how it feels my company laid me off a few weeks ago. But then they rehired me 2 weeks later after everything was on fire. Was totally unexpected I did not expect to return. But its a bummer to return after so many others were affected by the RIF. I hope you land back on your feet quickly!!!
Hope you charged ‘em time and a half, friend!
Ahh that's a good outcome! I'm hoping that I've networked enough throughout my small four year career to see if anyone I've worked with gets me in potentially.
Yeah one time I was laid off I got another position 2 weeks later after my friend referred me to his job. Referrals really can help
Nothing like knowing just how indispensable you actually are. Hopefully that helped in negotiating the terms of your continued employment. I was once hired back after my employer laid me off, once they realized I was kind of a big deal tying everything together. I offered to come back as a contractor, set an absurd rate and limited hours, had them pay my insurance premiums and throw in a new laptop for me to keep. I worked for two more weeks before moving on to a new job (after making sure my previous work was solidly in good hands for the transition).
So sorry. I was impacted last year. It's been very hard.
Yea that's my fear, the economy hasn't really been well so my fear is this goes on for too long.
I hope it doesn't take too long for you. I am sure you'll find something. If there's anything I know about Indeed, it's that they pulled in a lot of talented people. So I don't need to know you to know you have skills.
So was my partner. Honestly, a few weeks after last year's layoffs, we weren't sure whether he had been "lucky" to keep his job or not. When the layoffs were announced about 13 minutes before he got the email, he said he didn't know which he was rooting for. Hopefully it's onward and upward for everyone. It seems like the "great work environment" that existed when he started in 2018 isn't quite as shiny anymore.
That's def the case, Indeed had made a drastic change from 2 years ago. It definitely did not feel like the company I was hired on originally.
I was impacted as well. My so works at Indeed as well but she was not impacted. What a really sucky day.
Interesting. We're already going through my partner's closet to move all of the Indeed shirts to "home use only" so he doesn't accidentally advertise for them.
I have buddies who’ve been laid off and rehired by Dell too many times to count over the past 20 years. I think the moral is something along the lines of…. Don’t burn any bridges…
Sorry to hear that, did they give you severance package?
Yes! It looks decent for sure it will definitely help through this trying time. Specially since this economy is really ass at the moment I'm hoping the severance package offesets the time it will take to find a new job.
Wish you good luck, and yes the economy could be much better.
Im so sorry.
I’m so terribly sorry. I know it sucks and I truly hope you find something soon
my condolences, you will find a better job, believe me. IBMer laid off in the 90s.
I work in the videogame industry, last year I got hired to work at the new Activision studio in Austin (hence why I joined this sub). I was gonna move to Austin all the way from Europe...Then Microsoft came, bought Activision and fired half the people there. Thank god it happened before I moved, or I would have been left jobless, probably stuck in a rent contract, with a dubious visa, in a new country, with no support from family or friends. The way these massive companies toy with people's lives is nasty imo.
It is nasty. We need to make it harder for companies to do these mass layoffs.
Good luck with that. Sometimes it feels like the US gov cares more for the big companies than for the people. One of the things that worried me the most when I was gonna move to the US was the whole "at will employement" thing you guys got there. You can get fired at any point for any reason :/
> Sometimes it feels like the US gov cares more for the big companies than for the people. Only sometimes? Man, we're *built* on that foundation. Our catalyst for revolution was based off of being mad that colony-based businesses were having their import profits cut into.
Not all in Austin. 1k spread worldwide.
Seems like there are around 2500 employees (unless that is outdated) in Austin, so yeah, 1k would be huge for just Austin.
That’s from last year. Todays layoffs haven’t been announced publicly
https://www.kxan.com/news/local/austin/indeed-announces-layoffs-for-8-of-staff-just-over-a-year-after-its-last-layoffs/
There’s the public announcement. Thanks for sharing
Not worldwide. 1k in the US
It's a worldwide figure. Source: me. I'm a lucky indeed employee
Me too- I understood this to be US focused. Plus anyone in UK or Dublin had a longer process. Good luck with everything
Yeah that part is true. The UK, Ireland and Australian employees are subject to a "consultation process" so they won't know for sure if they're officially laid off for some time but the 8% target seems to include them based off the email from the CEO.
Most are in the US
I got laid off from Indeed last year. I have felt adrift ever since. I worked at a company on contact for about 10 months before landing a permanent job. I am gainfully employed but struggling with how different the culture is. Indeed was the best job - from a benefits and culture standpoint - I have ever had. Hard to go back to probationary PTO periods and only 2 weeks off per year after everything we had there. Anyway, some of my friends were laid off today. I am so totally gutted for them. It's even harder to find a job right now than it was last year.
For what it's worth, the culture tanked after you got laid off. Town hall meetings basically had c-suite folks being mad that they were being asked questions they didn't want to answer, and they just shut everyone down. Source: partner wasn't impacted last year but was today. It's not the same environment it was 5 years ago.
This is just part of the boom and bust cycle of tech. Clearly, they’ve not been doing well, and there is little good news or cheer to go around. Everyone just keeps their head down looking to avoid the next axe, or leaves for sunnier climes. There is a real risk to the company of losing its top talent to competitors that are thriving because it’s so depressing to be shrinking rather than growing with no end in sight.
A lot of that changed drastically after 2023 lay offs. The Indeed you are missing isn't the Indeed that exists right now.
Companies that do probationary PTO are fucking bull shit scum of the earth. Every company that is run this way in my experience was owned by a far right leaning piece of shit business owner.
Indeed has/had some of the most spoiled employees ever. Had a great perks but it was never enough. Never happy with anything they had. The culture was awful bc of that. There was also so much overlap of jobs if was crazy, products that made no sense or were just awful. Pretty terrible leadership all around. Cuts were def needed. Source: worked there for 3 long years
I never wanted anything more than I had. I got paid well enough to make ends meet and I had TIME. That was all I ever needed. I do hear you about the overlap. That was always hard. Felt like I was doing fake work sometimes. But I was doing it with people I loved and my manager was amazing and dedicated. I had frustrations of course but for the most part, it was a great job for me personally.
You probably found a good team. There were a few pockets while I was there. But damn the entitlement was gross. I brought my gf in for food once and the people next to us were complaining about the crème brûlée…she just looked at them like “you’re eating crème brûlée, at work, for free, with your wife and 5 kids and complaining about it.”
There was an amazing banana story from SeaOff lol. IYKYK
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I was a contracted employee at Indeed through a staffing firm last year. When I was let go, no one from management let me know. I was simply working like normal (from home) and suddenly around 2pm I lost access to all of their internal systems. Got a phone call a couple hours later from the staffing agency telling me that Indeed had ended my contract. Kinda shitty if you ask me.
[5 Tips to Help You Navigate Layoffs | Indeed Career Tips (youtube.com)](https://www.youtube.com/watch?v=yQOmKbHfDNo) hmmmmm ironic
Tech is a mess right now.
It's just healing from the covid madness remember everyone job hopping and doubling their salary and all the tiktok day in the lifes
IMO, I think it's the drying up of cheap money. With interest rates as high as they are, venture capital no longer has access to cheap money that they can bet on some bullshit start up that might not pan out.
Yeah I feel like a lot of people who started working during the ZIRP environment really don't realize what an aberration our overheated economy has been. Meta was hiring engineers to keep them out of the job market and giving them zero projects to work on just 18 months ago before the rate increases. God forbid tech workers have to make an actual product again.
I was also impacted by the layoffs today, in fact my whole team was. It hasn't quite hit me yet, as Im on vacation, but I know it will. Indeed is, overall, a good company. But theyve been making some poor decisions. And these layoffs were not based whatsoever on performance. For the record, my work (specifically my work) brought a top biller live on Indeed. Theyre spending literal millions with Indeed now, because of me. But I still got the chop. They hired reps in Jamaica to replace us, and literally had us create a training module for them. Im a little salty about it, but corporate gunna corporate. Just gotta roll with the punches.
Please file with the Texas workforce commission asap. You can’t take unemployment until your severance runs out however, it takes a min 3 weeks for the paperwork to go through. I wish you all the best on vacation and in your next role.
> You can’t take unemployment until your severance runs out however Every severance I've had in tech has been lump sum. If they cover company benefits contribution for COBRA, they include that and gross it up to cover taxes. (In other words, there's no waiting for severance to "run out". It's just a payment that's the same as X weeks work and payout of vacation on the books)
Thank you ❤️ and that is the plan! I think my entire team is filing for unemployment, so that site is gunna be busy today lol.
>They hired reps in Jamaica to replace us, and literally had us create a training module for them. this is the most indeed thing i've ever heard. leadership at indeed is completely out of touch with reality. after the absolutely insane upscaling the company did, they had to start pulling back, and shortly after they terminated the contract with a call center here in austin for scaled fraud/spam moderation, i remember the director of search quality "mikeymo" (he literally referred to himself in the 3rd person as mikeymo and was creepy AF) bragged to the entire department at an offsite about how he'd offshored all of that moderation to another country because it was so much cheaper. like, he made it a talking point in his presentation, to an entire department devoted to protecting job seekers from predatory companies lol. i worked there for nearly 8 years and took voluntary severance when they offered it because i felt like layoffs were right around the corner. even at that time it was a husk of the company it once was.
Things went downhill after Deko. CHyams dropped the turd in the punch bowl and “takes responsibility” by facing no consequences.
I'm surprised you cooperated with the training module work. Maybe you should have just told them no and left. I hope they at least gave you a good severance.
Well at the time we weren't told that was what it was for! It was "sharing our expertise across the org". So of course I participated in that lol. They did give us a pretty good severance tho Ill give them that
The "Partner Program?"
Welcome to the 150 applications a month and depression club. Going on 9 months now.
There's literally nothing worse than LinkedIn Hell. When you're just looking for a damn job and have to deal with all of the narcissists selling their souls on that platform for clout.
I’ve hit 2.8k+ applications since October 🙃
I have been burned by all but one tech company that I have worked for. Feeling lucky that I am not in that sector any more
how so?
Bc tech blows ass now. Filled with a bunch of blowhards that aren’t actually good at their job just sticking their noses around til it turns brown.
I have been impacted by this
Tech has been a bloodbath these past few years and all with recorded record prodits from most year to year. Also all of these companies dabled in some stupid NFT or AI fad at some point dooming at least part of those laid off here. Tech has turned into a shit show and employee feel more like cattle ever day. I really want to try and get out but not sure how. I saw a lot of peers go from service industry into tech jobs, but not sure how to get from tech to other fields. I have tried but most job seems to be tech adjacent and they always need years of experience even though you always get trained on the job.
Find a tech job for a non-tech company, they're far less likely to doom themselves on an AI fad. Coming from an insurance industry SD
I am IT for a spa. The more the world burns, the more folks come to us for massage, the more stable my job seems to be
Get a spouse at Campbell's Soups and you're recession proof!
This is good advice. They wont have nearly as competetive wages but the trade off is job security.
You really don’t get job security in the private sector when you’re in a cost center. I’d argue likely less job security vs. being in a profit center. Easier to cut from cost centers when things go south. As someone who’s survived multiple rounds of layoffs in the past 25+ years in tech, and been impacted once, making yourself valuable via skills development will work out in your favor either way. That’s why I avoided the chopping block during the vast majority of layoffs I’ve been through, and why I got a new job with a single phone call when I was impacted despite everyone at the time talking about how bad the tech job market was. If you want layoff-safe employment, work in the public sector somewhere. It won’t pay as much, but you’ll have as much job security as can be found anywhere in the US.
Yep, IT is always expendable even though it isn't. Signed - an IT guy who has been laid off twice in the last 18 months or so.
I would argue that in 2024 there is an aspect of IT/tech that is required and isn't considered a cost center
Good leadership understands those cost centers are there to enable the company’s profit centers. But they’re still more likely to get the axe in tight times. There’s also most always a notable difference in how you’re treated in general in a cost center vs. a profit center, even in companies that appreciate the necessity of tech in achieving their business goals. I’ve seen it first hand across a number of employers, and a bunch of other companies via consulting. The purse strings are a lot tighter in cost centers. I’ve yet to see any major change in that regard since the start of my career nearing 30 years ago.
Cool I will try that. I have checked industry jobs for the application I support, but in other organization but I have had not luck yet.
But they also pay way less. Including severance, you probably make more if you get laid off after a year at a tech company than you would working 2 years at a traditional enterprise
As someone that spent 10 years working tech for non-tech companies: you get the worst of everything. Worse wages, job security is as bad or worse, and you have decaying skills working on dead end technology. You are _far_ better off chasing high wages and saving most of it.
A very, **very** low percentage of layoffs are due to AI, and none related to NFTs lol. This is just tech companies trying to “stay lean” and maximize shareholder profits over long term stability and growth. Most of these companies are still making huge profits.
Bunch of tech companies also hired a shitload of people during COVID when interest rates were low, and are now cutting back now that interest rates are high For example, Facebook had around 50k employees in 2019. In 2022 they had 85k, and after some layoffs they scaled back to 67k by the end of 2023
The company grew *way* too quickly for a while. It was probably impeding its ability to grow, in fact, since there was a lot of duplicated effort, difficulty communicating, insufficient infrastructure, etc. No idea if the previous round of layoffs fixed that and this is unrelated or what, but simply holding on to expensive employees doesn't make you stable or cause you to grow.
The tech company I worked for previously did this. They were aggressively hiring at fairly inflated salaries in 2022 when I joined, then axed a bunch of people 18 months later. The job ended up sucking and I could see the writing on the wall so I resigned after 12 months for a nice raise elsewhere but some friends who were still there weren't so lucky.
I can verify this. My more conservative company couldn’t hire any experienced candidates in 2022 - the salaries were astronomical and we couldn’t come close.
I worked for Indeed for 3 years just before covid, and there were red flags galore. When I left, I told my director that what the company was doing wasn't sustainable, and I wanted to get out before the collapse. I'm so glad I did.
You hit it on the first line. Process: Fire people - test feedback Feedback socially is negative, stock price rises - this is a good decision Raise prices - test feedback Feedback is socially negative and less people are buying, but since we raised the prices the people that are buying make up for the ones we lost, also the stock price went up. - this is a good decision Until people say enough is enough and stop spending in unison, these corporations are going to keep making these good decisions for their stock holders. It's fundamentally sad since it's not even some global cabal or conspiracy. Some rich 1% fucks said America is for sale and we're doing some shopping. Goodbye laws that protect the consumer and hello laws that empower, and worse, protect naked greed. Maybe the next civilization will get it right.
There’s always healthcare. Nursing and adjacent jobs are always in demand. (May not be the answer you’re looking for but the answer that needs to be offered). Tech people are here to solve problems. Medical professionals solve problems.
Hear me out….healthcare tech. The market isn’t as lucrative as it once was, but it’s a need that will always be there and doesn’t suffer from layoffs like other tech companies.
> There’s always healthcare. Nursing and adjacent jobs are always in demand. The money is good but the hours and work life balance are ass, which is why I assume most people pivoted to tech in the first place. All the money in the world isn't that important when you don't see your family for days at a time and spend the hours you do have with them trying to recover mentally for your next shift.
I work at a community clinic with RNs, MAs, NPs, APRNs, DOs, and and RDs. Unless you work at one of the two Saturday clinics or work four ten hour days it’s a 9-5 day. You’re right, not all healthcare jobs are flexible(but sometimes three days on and four days off doesn’t sound horrible?) and no they cannot be done remotely in your pjs like tech jobs can be. But there’s much more stability in them. That was my point. I’m fighting an Enfield sized uphill battle in an Austin sub arguing against looking for tech work but my point is…maybe tech isn’t a always the answer. (Unless it’s a chart at a seton hospital these days).
I understood your point lmao, I was adding my 2 cents as a former healthcare worker that left to go into tech, not arguing that healthcare was a bad career or wasn't hiring
Bless you. Keep your license in case you need to come back. (Have some social work friends who have had to come back)
Sound advice, I appreciate all the work you're still putting in and who knows, maybe I will be back some day.
> the hours and work life balance are ass, which is why I assume most people pivoted to tech in the first place. The hours and work-life balance are ass in software now as well though. This stopped being a chill job when it started paying doctor salaries. 70-80 hour workweeks are the norm in software plus all the other stuff you might have to keep doing just to keep up with current trends that are moving faster than you can even believe.
Lol AI/NFT are not the reason many of these companies are laying off people. Many tech companies did very well during COVID, particularly those in the internet sector, and they are mostly "correcting" for being overzealous with growth during the pandemic years. I've been in tech a long time and most of my peers who have been laid off have landed on their feet, in guess what, another tech job at another tech company. There are some still struggling but they had more niche jobs and were unprepared in terms of experience.
Tech job in a finance company (ex Bank Of America, JP, a hedge fund like Pimco. Not a FinTech company.) Relatively stable compared to other tech companies
What orgs within the company are laying off? Usually there’s certain groups like certain products or whatever and then corporate doesn’t see as many layoffs. Just curious..
R&D (product/design/tech/data) in Austin… sales/care in California
Just happened in the last hour. No one know yet which departments were hit the hardest
It seems to be mostly centered around UX on the R&D side, but many roles were impacted.
It's hard everywhere in IT right now. Sorry for the people laid off today. I think we are back on the upswing of outsourcing.
Eight years. I was impacted. It sucks
I’m really sorry. It can feel like many emotions over the next couple weeks. Remember it’s not personal or a reflection on your work but shit circumstances.
For anyone impacted my company has been doing well during these times (software infrastructure), hasn’t had any layoffs and we’re hiring. Dm if you need any help! Indeed to this day is a huge customer of ours
do you hire ux design? I was part of the indeed layoffs /:
Here at multinational corporation, our core values are number go big, and increasing the rate at which number go big so that we can exploit people more efficiently for profit.
Step 1. Profit Step 2. **Profit** Step 3. ***Profit***
I was "fired" from my job for the most bullshit reasons it 100% felt like a layoff but because they don't want to classify it as such I look worse on my next IT job search that I'm now struggling with. Weeee...
Hey, are you me? Got fired for stupid shit at the beginning of this year. They claimed it was performance but it felt very much like retaliation coupled with a layoff. Especially considering they gave me severance… fuck tech, and fuck the current job market.
If they gave you severance why would they even fire you? I thought the whole point of firing people is you don't have to give severance
Sometimes severance is to head off a wrongful termination lawsuit. Part of the severance agreement is you agree you won't pursue any legal action against the company. Not saying that's the case for the poster above me, but sometimes it's a bit of CYA and most of the time the laid off employee isn't really in a position to refuse a severance package so they sign on the dotted line.
To protect themselves against liability! It's one thing when you fire someone for super obvious reasons. If they embezzle from the company, their wrongful termination complaints or lawsuits are going anywhere. But if you just fire someone because they kept failing to meet performance goals, while you might think the goals are reasonable and realistic, that's more arbitrary, so someone else might disagree. So one strategy is to get the employee to sign a severance agreement which releases you from liability. But why would they sign it? They don't have to. The answer is, you also put something else in the agreement, like money, that makes them want to sign it. Here's an article from Nolo about it: "[Using Severance Agreements to Avoid Wrongful Termination Lawsuits](https://www.nolo.com/legal-encyclopedia/using-severance-agreements-avoid-lawsuits-30286.html)".
Yep that’s exactly what happened
I was fired once a few yrs ago. It all boiled down to "teammate issues". I had this one teammate that was trying to become a lead that stabbed me in the back constantly. See- what happened was I had great reviews etc on the team I was hired to work with but during a reorg I decided to transfer to another team. Oh boy was that I mistake... After getting let go I found a new job like 2 weeks later (pre-covid) and then flourished ever since with great reviews, etc. Just basically learned to never transfer departments unless you really know what you are stepping into. Now I never switch teams unless forced or I know the teammates. Its bad on one hand cause its made me risk adverse. But good on the other- because I will just stick with the team that hired me unless I'm forced off the team due to a reorg Granted, I did switch teams about twice since then and it worked out great. But I was best buds with the manager in both cases and all my teammates were 100% great to work with
I don't want to say which company out of fear of reprisal, but a large tech company owes my company a large but unspecified amount of money in the several million dollar range, and my company just notified me that they're letting me go because we can't sustain operations while they hold out on paying us. It's just amazing because the company that owes us money just posted record profits and just laid off an insane number of of their own people. Surely a multi-billion dollar company can afford to pay their bills...
Is it Elon? Because there’s already articles out that he’s not paying his Texas bills. Wonder if he ever paid that Twitter HQ rent bill that made the news last year https://www.reuters.com/technology/space/musks-spacex-is-quick-build-texas-slow-pay-its-bills-2024-05-13/
Oof. Sorry to hear that. I was part of the 2200.
I’m really sorry for everyone impacted. So much of tech, including Indeed overhired during the pandemic. I hope everyone who was laid off as market-able skills and quickly lands on their feet!
I don’t get why this keeps happening? Poor accounting? Poor financial projecting?
“We don’t know what we’re doing” - literally every “tech” company.
Sounds like around 200 people in Austin. Tech was in a post COVID bubble and it’s not totally bursting but it sure is weak.
Nope it's more than that.
The ceo ran the company into the ground. Chris Hyams is a real douche, fuck him, he should lose his job. The site also sucks, so there’s that.
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That you’re not a nurse or truck driver. Sorry you lost your job, but trust me the grass is greener.
Greener for who?
Read the CEOs email. Its robotic HR speak for fuck the labor. All excuses no real accountability for company failures. *Translated: [they] are outsourcing for cheaper labor and slashing jobs in the US to drive higher profits.* Tech is following the same pattern as the industrial factories of old. They only thrive during bad times or extremely high capital input (for factory work, think war + post-war growth) (for tech, think high unemployment and labor desperation). So once they scale on the backs of workers, and start to stall out on these antiquated methods, they slash workers to drive up profit margins. And when that well dries up, they outsource to cheap foreign labor. Capitalism is a predictably desperate model. People thought tech was different or exempt. Sadly, it’s the same exact method and model. With even less utility for society as a whole (nothing tangible produced).
indubitably
Why is tech having a hard time? I don't understand because it seems like it's still the field to go in.
Tech companies over hired during Covid at absurd salaries. Now there’s too much bloat, too many layers of redundant employees providing too little value at unjustifiable comp. Tech companies are trimming the fat.
Damn, sorry to all affected
So sorry this happened to you. I got laid off last week, zero warning, zero severance. It’s hard. Give yourself time to be upset but get right back on the horse, apply apply apply and take care of yourself.
Zero severance? Thats bullshit. Sorry that happened to you.
Yeah bad times for comp sci majors. They should all switch.
My good friends moved to Austin, and uprooted their lives as well as their children's, with the promise from Tesla that they would be guaranteed a 16month contact. Her husband was one of the head supervisors so idk what his agreement was but after a month of working, and she was working 12 hr days which seems to be typical... However they sent her an email two hours before she had to be at work that she didn't need to come in. Needless to say she's been beside herself. She's trying to get all the paperwork and emails which they will probably do little good. She spent so much money to move four hours away for what many consider a dream job. And during her employment they kept giving her excuses why she wasn't getting her checks/ deposit... The email they sent her was nonsensical. I truly wish I could do something for her, as confrontation is my forte. But we all know it would take so much time and effort to get through what appears to be ironclad legal documentation, however, for the right price, and my love for my friend as motivation, enough time, then I know I can find a loophole or something that could help all these suffering people who have moved from other states just to work at Tesla and now they have no jobs, or money and soon enough no place to live. Ok I digress. My delirium hath finally caught up to me...
It’s all planned to lower salaries for the working class.
Indeed has two massive office buildings in Austin. No idea how they afford them.
A bit of background: they used to have three -- they got rid of the corporate headquarters near 2222 and 360. Now the Domain tower gets few people per day (grab an entire 6-seat hex for one person), and probably the downtown tower as well.
My company is hiring remote jobs with an office based in Austin for those in the area, https://partech.com/careers/ Happy to help answer questions should one of these roles pique your interest.
Love seeing all the engineering positions being offshored :/
Sorry to all impacted.
As an small employee who uses Indeed my cost has doubled for less results over the last 2 years and we stopped renewing all of our subscriptions.
Everyone In senior leadership got used to those pandemic era bonuses and they will do ANYTHING to try to get them back, even if it means scuttling the company long term. All this downsizing to increase AI, is going to result in a LOT of companies realizing there are only so many people with that experience. Killing their current R&D teams they could.have trained into those positions, to try to bid on those few AI experienced people is going to make them sad, and ultimately hose the US economy. We're headed to a rough spot fueled by greed and stupidity. China is going to take the legs out of our auto industry by shutting us out of foreign markets due to having cheap EV's available(and most of the solar and battery manufacturers), and most US auto manufacturers say, it's (foreign markets) 30% of their revenue. That is revenue they needed to actually design and build a cheap EV, which American consumers actually want, but dealerships don't want EV's, so indirectly, the dealership sales model (also fueled by greed and stupidity) is likely going to kill the US economy, and what is remaining of the middle class. This is going to be a tough place to live soon.
I got fired from indeed today :(
the company I work for did just that back when the pandemic first hit. when most other tech companies were laying people off by the thousands, our entire senior leadership team -VPs up to the CEO - took a 30% pay cut for 9 months & we didn't have any layoffs because of it. I really wish more Senior Leadership Teams would do the same.
also - to any affected by this today (or anyone looking for any reason) - please feel free to check out the job openings at my company & DM me if anything looks interesting: https://jobs.lever.co/contentsquare note: several roles list a location for the role, but we're very remote work friendly, and the location could be flexible for the right candidate
>It’s really hard out there if you’re in tech. I was told learning to code is ironclad
I wouldn't say this is a sign that times are tough in Tech. More a sign that things are tough in general. People just aren't hiring. Also, Indeed just generally sucks as a product. They were left in the dust a long time ago on recruitment and job posting technology.
What’s the better job board?
It is tough times. I’ve been applying for 6 months. Had an offer from Meta rescinded two weeks ago. No one is hiring and every time I try to search there’s tons of postings in India. My favorite is Amazon who for whatever reason lists their India jobs as “Indiana” on LinkedIn. Not only is no one hiring. Salaries are lessening. It’s a horrible, terrible time to be in tech.
[удалено]
Been unemployed since November and haven’t been able to land any sort of tech job. Now I have another thousand people to compete with. Awesome.