Then there’s corporate contagion: If a few companies make cuts, others in the field are quick to follow - to make it seem like they’re adequately considering economic conditions, according to some expert business analysts. Really, it comes down to satisfying investors, and maximizing stock value. Just this week, internal Amazon documents revealed the company has a history of massively over-listing job openings.Īnd, though companies often frame the choice to cut staff as a necessary evil for future survival, that’s probably untrue in many cases. There might seem to be lots of work available, but not all of it is real. Though Indeed says it will offer career placement services, the economy is at an uncertain moment and the search could be difficult. Some Indeed workers have already taken to LinkedIn to indicate they are looking for new positions. That said, the detailed announcement doesn’t eliminate the strain of cuts on employees. Indeed’s actions in this layoff seem more respectful of its workers’ and former workers’ humanity than many of its tech peers’ have been. Access to ongoing mental health services for twelve months.Access to ongoing career placement services for six months.A cash payout equivalent to your scheduled to vest on May 1.16 weeks of base salary, or two weeks for every year of service, whichever is greater.Per Indeed’s statement, employees will also receive:
Hines also claimed in the notice that all departing staff will be granted a one on one meeting with a company leader prior to their exit, that they will retain email access for a few extra days to say goodbyes, that their regular pay will continue through the end of the month, and that all laid off employees will still earn quarterly bonuses.Īnd that’s just the beginning.
The statement - which was also reportedly shared with employees internally according to an email posted on Blind and sent to Gizmodo by a Blind spokesperson - outlines exactly how and when most employees would be informed about their individual job status (within the hour, and via an email with a clear subject line). For those who will be leaving, we are working to bring as much support as possible to each of you,” the exec added.Īnd, to the company’s credit, Indeed’s public notice of layoffs seems more transparent and detailed about protocol and what employees can expect than many others have been. “Losing a job is extraordinarily hard, financially and emotionally. “Leading a company whose mission is to help people get jobs, every single day I think about how important a job is in a person’s life,” Hines wrote in the statement.
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