There have been rumors about redundancies and growth slowing on in revenue generating products. As for any big company there are multiple layers of redundancy. When reorgs happen they create more people than the work. So will this follow a layoff at Indeed? People say that Indeed has never let go of people, even though they announced voluntary severance last year. Now is the appraisal time for company, will this lead to a PIP, which results in a layoff? They have also appointed Delloitt #tech #indeed Edit: They still look like solid business in the blue collar segment. They are still profitable, though other prfitable companies have offloaded a lot of staff. It seemed before hiring freez last year they still had over 1000s open roles that they couldn't hire. It is being rumored that this is not layoff and will result in people being shifted towards new priorities and roles. How beliavable is this story?
Indeed.
I see what you did there sir.
Indeed lets go of people by eliminating roles and telling people to find a new team within a month. If you don't find a role, you're fired. One prevailing theory is they will do this, again, and do their best to label it as a non-layoff, again. When other companies do this, they're called layoffs. Not at Indeed! It helps keep the illusion of artificial positivity that the SLT tries so hard to keep as Indeed culture. I'm glad the fake positive culture is being exposed these days when the SLT shows up to company meetings looking upset. They only have themselves to blame for overhiring and letting kingdom building go out of control. We'll see what method they use to get rid of people in the coming weeks: the usual type of layoffs, role elimination layoffs, or aggressive PIPing people out. Word is Deloitte is encouraging ditching calibrations which would make aggressive PIPing easier, so maybe that's the way.
Wait… is that you, IndeedSUX? I’ve missed you
At this point anyone who criticizes Indeed is called IndeedSUX lol. I'm a staunch anti-SLT person now because 2022 was a waste of my professional career due to their dumb decisions. I'm sure I'm not the only one who thinks so too! When I replay the events that happened in 2022 in my head, the only thing I think about is how stupid the SLT was and still is. The reorg taking several months and the poor communications around them just reinforce how horrible they are at their jobs.
The latest is status quo, same silence on what the overall reorg is. Everyone is busy while the middle managers and SWEs are stressing it out. Indeed says they like transpirancy. Not sure which company does such kind of Re Orgs where you only tell the top people but not the bottom folks.
Abyone has any updates? My friend seems to be stressing out, still the status co. No line of sight when the Re Org will happen or who is going where. There is absolute silence of what's going on. Earlier they were saying it will take until March and now they are saying it may take up till April. They keep coming up with new dates, while some departures are announced for the long term employees. It seems last LTIPs are coming in next few days and maybe they are waiting for these folks to go. Perhaps they are looking for voluntary departure as they were doing voluntary layoffs last year. Anyone any idea of whats going on? Has this happened before? Is this signal for Layoffs? If so what kind of severance could be offered?
This was a prophetic post. I have no idea how it went over our heads at the time.
I had a suspecion with what was going on, but it turned out to be true unfortunately for 2200 folks.
Lol if they’ve hired consultants there will be layoffs 100%
Hi Bob! Bob.