I joined Indeed 3 weeks ago as a Product Manager. There is a hiring freeze and all cross functional teams are prioritizing work based on available resources. Looking at all the layoff trend, I'm wondering if I'm safe. Long term Indeedians, could you shed light on if I should be worried that I'll be laid off ? #layoff #h1b #tech #productmanagement #tech
Can indeed make money off the workforce looking for jobs? Or do they mostly rely on job posting revenue?
Applications and hires I believe. Overall turnover is good for indeed.
Been here >7 years, we haven't had structured layoffs in that time. Not to say they can't happen, just that it would be uncharted territory. Job market doesn't look great - for tech. But tech jobs are something Indeed has been pretty bad at monetizing anyway, so that shouldn't have a significant impact on our operations. My gut feeling (so take with a grain of salt) is that we're safe in the short term. Medium term is a different story - if we enter a full-blown recession, with multi-sector widespread layoffs and hiring freezes, things might get dicey. Don't panic, but make sure you've got your emergency fund full.
Thank you so much. Helps so much to hear from someone like you. I agree that everything is uncertain if the situation gets really bad.
Bro you’re a PM building products for a company whose revenue stream is derived through job listings. If the forecast for job listing and hirings is looking gloomy, Indeed is overexposed.
We're the blue collar job board. Layoffs are mostly tech that doesn't use our product anyways
Even if the recession lasts a year or so, many mid sized and other companies are still hiring. Blind is overindexed on tech and indeed doesn’t really cater to tech or even white collar jobs for that matter. We should be ok. I am newish too but that is my outlook. Also, product seems to be pretty lean with consideration to engineers ratio.
why not asking in internal Indeed lounge?
Indeed works with a lot of contracting companies, they’re first going to lay off contingents before looking at their FTE’s so you’re in a good position.
If layoff the pm is the first, since you come from amazon and toxin potentially brought from Amazon is really bad. Just prepare. I heard my director told me we will not hire anyone for next two years which he heard from VP. But it could change and layoff could still happen if we are not doing well. But ICs are usually the last ones to layoff, PM I do not know though.
And just like that your director is already lying to you
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Job market is frozen. Indeed seems pretty unsafe
Explain your logic.
Indeed is a job posting/searching website. The less jobs there are on the market the less revenu they earn.