This week, the boys discuss various topics including Indeed's layoffs, the ban on lab-grown meat in Alabama, Jerry Seinfeld's commencement speech, and the financial struggles of ZipRecruiter. They also dig into the introduction of Eightfold Talent Tracking, and the partnership between Stack Overflow and Indeed. They express their disappointment with ZipRecruiter's performance and call for better leadership. They criticize Eightfold for expanding too quickly and losing focus, and they mock the buzzword-filled description of their new product. They also question the strategy behind Twitter's, er, X's job recommendations and express their frustration with the lack of innovation. Finally, they discuss the controversy surrounding the Portal Project between New York and Dublin and how an OnlyFans model reminds us how much we all love boobies ... or is it potatoes? Eh, just listen.
[00:00:00] Hide your kids, lock the doors!
[00:00:02] You're listening to HR's most dangerous podcast.
[00:00:05] Chad Sowash and Joel Cheeseman are here to punch the recruiting industry right where it hurts.
[00:00:10] Complete with breaking news, rash opinion, and loads of snark.
[00:00:14] Buckle up boys and girls, it's time for the Chad and Cheese Podcast.
[00:00:19] Oh yeah, just two guys fighting for the right to party since 1987.
[00:00:35] Hey boys and girls, you're listening to the Chad and Cheese Podcast.
[00:00:39] I'm your co-host, Joel Loch Ness Cheeseman.
[00:00:42] Euro Chad is back, Sowash!
[00:00:45] And on this episode, Indeed cuts, Zip Drops, and New York Flashes.
[00:00:51] Let's do this.
[00:00:53] Like the last part.
[00:00:56] Euro Chad is back.
[00:00:57] Back baby, I am back.
[00:01:00] Tan rested and ready.
[00:01:01] Yes, yes I did.
[00:01:02] I was doing my work in Santa Fe prior getting ready for this, getting a little tan, getting ready.
[00:01:09] Yeah.
[00:01:10] Then jumped obviously off the tower, which is apparently something that I needed to do before I did this.
[00:01:17] So yeah, no we got back yesterday last night and I'm happy to be here.
[00:01:22] I'm so happy.
[00:01:23] Yeah, Vegas was, I gotta tell you though, Magic keeps calling.
[00:01:26] You know, Magic, he just wants to hang out all the time now.
[00:01:29] We're best friends.
[00:01:30] I don't know if you saw that or not, but yeah, Magic Johnson and I are our BFFs.
[00:01:34] Got a pad on the back and everything.
[00:01:35] We're hanging out with MJ and Bird later tonight.
[00:01:38] We're going to Chipotle for some barbeque.
[00:01:40] Is he coming to Scotter?
[00:01:41] That's the question because I mean, I think that is a great opportunity to get Magic to come to Scotland and you know, do a little tour with Magic.
[00:01:50] How great are the Scots?
[00:01:52] How great, like how engaged and just like excited are the Scots?
[00:01:58] I reached out to my LinkedIn content like, you're coming here just for us?
[00:02:02] Like yeah dude, we're coming and the whiskey, but yeah, coming for you guys.
[00:02:06] Yeah, it's gonna be fun.
[00:02:07] We're definitely coming for you.
[00:02:08] And if you have some whiskey, which I'm sure you do, go ahead and get it ready for us.
[00:02:13] Yeah, yeah, yeah.
[00:02:14] No doubt.
[00:02:15] No doubt.
[00:02:16] My liver is exercising in readiness for the show.
[00:02:20] So shout outs we got.
[00:02:21] I'm going to go first here.
[00:02:22] Shout out.
[00:02:23] Love the fans.
[00:02:24] Love the fans.
[00:02:25] But one particular Janet English.
[00:02:27] She works for Resume Library in the UK, but she's over here in the States.
[00:02:32] Had really nice things to say.
[00:02:34] I read the whole thing, but basically quote, I've worked for Resume Library as an account
[00:02:38] manager for seven years and man, you guys make me giggle with your comments.
[00:02:44] And this is kind of a solid, consistent comment that I get.
[00:02:49] I think you do too.
[00:02:51] We're funny.
[00:02:52] I don't know.
[00:02:53] It's kind of like a grumpy old man or something.
[00:02:56] Make people laugh.
[00:02:57] We take people, they, people go walk the dog.
[00:02:59] They go do whatever they like.
[00:03:01] Just we let them get away.
[00:03:03] We're the Calgon of podcasts, I guess.
[00:03:07] But anyway, shout out to Janet English.
[00:03:09] Shout out to Janet.
[00:03:10] No question.
[00:03:11] You got to remember though, the bar is very low for HR and tech podcasts and T8 podcasts.
[00:03:16] Right?
[00:03:17] So if we crack a joke every now and again, we become like the most hilarious thing in
[00:03:21] the space.
[00:03:22] But again, the bar is very low.
[00:03:25] It is low, but we're competing with other podcasts.
[00:03:27] They could go listen to Smartless or Rovin or whatever, but hey, they're listening
[00:03:32] to us.
[00:03:33] So shout out Janet.
[00:03:34] We love you and we'll keep trying to be funny for you.
[00:03:36] Keep listening.
[00:03:37] Oh yeah, and by the way, if you're not subscribed to YouTube, go subscribe to YouTube.
[00:03:40] Give us a review.
[00:03:41] Love us, hate us.
[00:03:42] It doesn't matter.
[00:03:43] We love to hear the feedback.
[00:03:45] Whether you like what I say or what Joel says, it doesn't matter.
[00:03:49] We just love that you're listening and you're getting engaged in the discussion.
[00:03:52] And we don't ask that you agree with us.
[00:03:54] Never because hell, we don't even do that.
[00:03:57] We're doing it wrong if everyone agrees with us.
[00:03:59] You are 100% right.
[00:04:00] For sure.
[00:04:01] I'm going to do a double Bama shout out.
[00:04:03] Are you ready for this?
[00:04:04] Yeah, I'm ready.
[00:04:05] I'm ready for the Bama combo.
[00:04:06] Okay.
[00:04:07] So the first Bama shout out goes to the United Auto Workers.
[00:04:10] This from NBC News, quote, workers at the Mercedes Benz plant in Alabama began
[00:04:15] voting Monday on whether to join the UAW union, a significant test of whether
[00:04:21] the labor group can maintain momentum in the historically anti-union American South,
[00:04:27] end quote.
[00:04:28] VW joined the UAW in Tennessee, but Tennessee is not the deep south.
[00:04:34] Alabama is the deep south.
[00:04:36] So what do you think about this?
[00:04:38] Do you think Mercedes will end up joining in Alabama or do you think that
[00:04:43] the pressure is just way too much in the deep south for unions?
[00:04:47] You're drunk already, aren't you buddy?
[00:04:49] I like the unions.
[00:04:51] I like the unions everywhere.
[00:04:53] I like UAW.
[00:04:54] I like fucking Apple, Apple union, allegedly boycotting or like picketing.
[00:05:01] I don't know what like unions are having a moment.
[00:05:04] Look, Mercedes has been in Alabama for a long time.
[00:05:07] They've spent a lot of money there.
[00:05:08] I just I don't see any way that car companies restaurants where like the
[00:05:13] unions are having a moment until the robots take over.
[00:05:16] I'm going to be team union on this one, whether it's in Alabama, Florida,
[00:05:20] New York or Washington.
[00:05:21] Go unions.
[00:05:22] I got to say Sean Fain became the UAW's president in March of 2023.
[00:05:27] It's just been over a year.
[00:05:29] It feels like he's been the president for a much longer just because of
[00:05:33] everything that he's done because he led the union to the first
[00:05:36] simultaneous strike with GM Ford and Stellantis, which resulted in 25%
[00:05:41] wage increase kids and a return of cost of living adjustments for its
[00:05:46] members.
[00:05:47] So of course, Bama is going to want them some of that.
[00:05:50] Right?
[00:05:51] I mean, it's just it's going to happen.
[00:05:53] It's going to happen.
[00:05:54] And then we'll go ahead and roll into my second Bama shout out goes
[00:05:58] to lab grown meat.
[00:05:59] Alabama is now the second state in the nation to ban the sale of
[00:06:04] cultured meat, AKA meat grown in a lab.
[00:06:07] Alabama Governor Kay Ivey signed SB 23 into law making the
[00:06:12] manufacturer sale or distribution of food products produced from
[00:06:16] cultured animal cells, a class C misdemeanor as of October 1st,
[00:06:22] 2024.
[00:06:23] So Cheeseman, are you ready for your I mean, Indiana still has the
[00:06:27] ability to do this.
[00:06:28] Are you ready to get your hands on a lab grown meat burger?
[00:06:31] You're drunk already, aren't you buddy?
[00:06:35] You know, this this is kind of close to home because my wife, she
[00:06:38] does a lot of work around insects as protein.
[00:06:42] And while we're I think we're a long way from human beings in
[00:06:45] America eating a billion some people around the world eat bugs
[00:06:49] pretty regularly.
[00:06:50] And if we just replaced our dog cat food, pet food with insects and
[00:06:55] my dog eats it, Peepers is a young puppy at 12 and because he
[00:06:59] eats bugs.
[00:07:00] I mean, this the food looks like dog food.
[00:07:02] He doesn't know any different.
[00:07:03] It's all protein.
[00:07:04] But that trend is stifled by the farming and the agriculture
[00:07:09] community and farmers.
[00:07:11] Got lobby, baby.
[00:07:12] Lobby family members that are farmers like I love farmers, but
[00:07:16] they in terms of protecting their nugget lobby Congress make these
[00:07:22] things laws where you can't grow meat in a lab or you can't like
[00:07:26] insects aren't subsidized meat is subsidized farming is
[00:07:29] subsidized like the government is behind this thing and to create
[00:07:32] laws where oh we can't grow chicken in a lab like who cares?
[00:07:36] I mean if you're in for animal if you like animal welfare,
[00:07:39] there's no animals killed when you grow a chicken breast in a lab
[00:07:42] and apparently it tastes pretty much the same.
[00:07:44] I know you're big vegetarian meat guy, but yeah, this is all just
[00:07:48] a power play to keep farmers and politicians in business and
[00:07:52] stifling competition.
[00:07:54] I think overall it's a negative thing as much as I do love
[00:07:56] love the farming community.
[00:07:58] It is I'm ready to eat whatever tastes like Chipotle.
[00:08:01] Yeah, if Chipotle can do this, I'm down.
[00:08:03] I'm down with it.
[00:08:04] I thought it was interesting.
[00:08:05] I thought it was interesting.
[00:08:06] I mean, I'm not personally a fan of the whole idea just thinking
[00:08:10] of animal cells in a lab that doesn't doesn't get my appetite
[00:08:13] rolling but did you know that US animal products are brand in
[00:08:18] other countries US pork is banned in China Russia and the EU
[00:08:22] prepackaged ground beef, you know the stuff with the pink
[00:08:25] slime is banned in the EU and US milk is banned in Japan
[00:08:31] Canada, New Zealand, Australia and the EU.
[00:08:35] I mean it just because I was thinking wow we're banning stuff
[00:08:39] here do other countries ban the stuff that we do and
[00:08:43] because of all the artificial dyes the chemicals the
[00:08:46] preservatives the hormones all that shit that we use in
[00:08:50] the US most countries are like no we don't want any of
[00:08:52] that shit right?
[00:08:54] We don't want that so it's interesting that we have this
[00:08:57] idea of lab-grown meats which again I'm not against.
[00:09:02] I just don't find it appetizing myself as somebody
[00:09:04] else does that's fucking awesome but what about what
[00:09:06] about the actual beef you know in dairy that we do
[00:09:10] here that we have or in the US it's just it's banned
[00:09:14] in other countries.
[00:09:15] Yeah, it's ironic right?
[00:09:16] We're going to ban lab-grown meat but hey those
[00:09:19] pesticides and preservatives and I mean not even just
[00:09:23] food I know like tide is illegal in Europe because of
[00:09:27] whatever cleaning thing is in there is killing I mean
[00:09:31] Americans are the cockroaches of the world like we eat
[00:09:33] so much shit put so much crap on our bodies like when
[00:09:37] the world when the shit hits the fan the Americans
[00:09:39] are going to be left because we're the cockroaches
[00:09:41] eating and consuming all the shit in the world.
[00:09:44] We've survived all these pesticides and poisons
[00:09:46] everyone else is going to die and it's going to be
[00:09:49] America first baby America first when the shit hits
[00:09:52] the fan.
[00:09:53] Geez I don't know.
[00:09:54] That's fucking poor.
[00:09:55] Shout outs going long today.
[00:09:56] I'm going to make it quick my second one Jerry
[00:09:59] Seinfeld everyone knows Jerry right?
[00:10:02] Seinfeld arguably the best show ever definitely
[00:10:05] the best sitcom ever for my money anyway it's good
[00:10:08] that you say that so show about nothing well Jerry
[00:10:11] Jerry's kind of taken stances now Jerry's almost
[00:10:14] 70 he's got an opinion the Israeli Gaza thing
[00:10:18] he's obviously more vocal about but anyway he did
[00:10:21] the commencement speech at Duke recently the
[00:10:24] media made a big deal about there were like 12
[00:10:26] protesters and that was like the lead story but
[00:10:28] the lead story to me was Jerry was great like
[00:10:30] if you get a chance go check out Jerry's
[00:10:32] commencement speech it's very insightful it's
[00:10:35] very funny he defends comedy not being too
[00:10:38] sensitive about you know the need to laugh as
[00:10:42] human beings to not take ourselves so
[00:10:44] seriously I think it was a pressure and timely
[00:10:46] message so shout out to Jerry Seinfeld.
[00:10:49] I really enjoyed his commencement speech at Duke
[00:10:52] University. Very nice what listeners really like
[00:10:55] is they really enjoy free stuff you can get
[00:10:58] t-shirts by Erin App that's right we've got the
[00:11:01] new t-shirt and I don't know how many people
[00:11:03] that have actually have commented back to us
[00:11:08] that this is their favorite shirt design yet
[00:11:11] right so it's the Guns N' Roses Chad and
[00:11:14] Cheese podcast design by Erin App and Erin
[00:11:17] App even did their own custom logo on the back
[00:11:20] which is awesome. If you're on YouTube you can
[00:11:22] see this is the actual packaging for the shirt
[00:11:25] look at this we did branded yeah I tell you
[00:11:27] go in the extra mile that Joel Cheeseman is
[00:11:31] or is it Stella Cheeseman? Anyway beer by
[00:11:34] Aspen Tech Labs. Stella's just my sweat shop
[00:11:37] in the basement that's what Stella is at the
[00:11:40] moment. I hope you don't put her in the
[00:11:42] basement. Beer by Aspen Tech Labs that's
[00:11:44] right kids we love us some Aspen Tech Labs
[00:11:47] and some craft beer. Whiskey by Tex Kernel
[00:11:50] two bottles of whiskey from our friends at
[00:11:53] Tex Kernel and if it's your birthday it's a
[00:11:56] little rum from Plum go to ChadCheese.com
[00:11:59] slash free register and win. I know I can
[00:12:03] I can feel all the way down in my plums.
[00:12:06] That's that's right another trip around the
[00:12:09] sun for some of our listeners happy birthday
[00:12:11] goes to Michelle Sargent Amy Butchko Matt
[00:12:15] Brigham Sarah Starkweather Jacqueline Adair
[00:12:18] Matt Seroka Sean Campbell Madison Richard
[00:12:21] Michelle Beer Stephanie Trissick Maria
[00:12:23] Simelton Bruce Carey Tyler McEveley Kevin
[00:12:27] Robinson Matt Lavery our favorite Chicago
[00:12:31] one for the for the month anyway Matt
[00:12:33] Kaiser and Richard Karlski. Happy birthday!
[00:12:37] They all celebrate another trip around the
[00:12:39] sun. By the way I just sent Matt Lavery one
[00:12:42] the birthday this week or this month and I
[00:12:45] got robbed. Uber Eats okay I sent him I
[00:12:48] bought a nice bottle of rum and somehow he
[00:12:52] got a shitty bottle of Captain Morgan okay
[00:12:55] no this has to be rectified. I ain't going
[00:12:58] I ain't going down like that so I'm going
[00:13:00] to send Matt a real bottle and hope that
[00:13:03] Uber Eats gets it right and if not I'm
[00:13:05] just going to send him some old style
[00:13:06] that he can drink while he watches the
[00:13:08] Cubs lose this weekend but Matt I got
[00:13:12] robbed man we don't we don't do that at
[00:13:14] Chattin' Cheese we bring the good shit
[00:13:16] and I'm going to make sure you get some
[00:13:18] good shit so yeah happy birthday we'll
[00:13:20] make sure that Matt is taken care of.
[00:13:22] Yes and look for we actually interviewed
[00:13:25] Matt during Unleash it was an amazing
[00:13:28] amazing amazing interview Matt works for UPS
[00:13:32] he's been there for 27 years and man
[00:13:34] he gives us a history lesson not to
[00:13:36] mention he talks about business we're not
[00:13:39] just talking about talent and all I mean
[00:13:41] business and I love that I love when TA
[00:13:44] leaders talk about and they understand
[00:13:46] business and we're going to be talking
[00:13:48] to some TA leaders. And a fan of unions by the way
[00:13:50] we're talking about unions. Yes yeah
[00:13:51] because I mean the union is pretty much
[00:13:54] a part of UPS but we're going to be
[00:13:56] talking to some other talent acquisition
[00:13:58] HR practitioners in Scotland next week
[00:14:01] in Glasgow. Welcome to all things
[00:14:03] Scottish our slogan is if it's no
[00:14:05] Scottish it's crap. That's right the 21st of May
[00:14:07] Glasgow and Edinburgh on the 23rd of May
[00:14:12] Edinburgh. Go to truescotland.com and thank you
[00:14:16] so much we got to thank Daxstra got
[00:14:18] to thank Ashby Willow poetry gig.ai
[00:14:22] solutions driven I mean these guys
[00:14:25] stepped up to the plate pretty quickly
[00:14:28] with their kilts on and taking some
[00:14:30] swing so we really appreciate that
[00:14:32] guys we're going to see you next week
[00:14:34] going to have some fun pulling some
[00:14:35] content together and go into these
[00:14:37] these true events in Scotland. Then
[00:14:39] we've got a double header coming up
[00:14:42] Mr. Cheeseman with a rec fest
[00:14:44] happening in Nebworth Park one day
[00:14:47] event July 11th and then rec fest
[00:14:49] coming to Nashville September 12th and
[00:14:52] 13th I can't be more excited than to
[00:14:55] get back to rec fest. I just again
[00:14:59] I love events I love being able to get
[00:15:01] out and see the people but rec fest is
[00:15:03] just a different animal and if you're
[00:15:05] a practitioner that's out there this
[00:15:07] is what you need to be doing. There's
[00:15:09] already a company that has and I don't
[00:15:12] know if I can tell the name yet they
[00:15:14] bought like a hundred tickets a hundred
[00:15:16] tickets for their entire TA staff
[00:15:19] TA and I'm sure some of the HR staff
[00:15:21] are coming too but a very big company
[00:15:23] because why because rec fest is a
[00:15:26] pretty much easy button for your you
[00:15:29] know your all hands day bring the
[00:15:32] entire crew bring the entire group
[00:15:34] they come out to listen learn and have
[00:15:36] some fun rec fest at Nebworth Park
[00:15:38] and also Nashville go to
[00:15:41] Chadcheese.com events and you'll see
[00:15:45] the information right there come to
[00:15:48] both.
[00:15:51] I wonder if the hundred tickets was
[00:15:53] for indeed because at this rate
[00:15:55] that's about how many employees they're
[00:15:57] going to have at the end of the which
[00:15:59] brings us to
[00:16:00] Topics
[00:16:05] Oh shit let's talk
[00:16:06] layoffs. Indeed.com announced a
[00:16:10] significant workforce reduction of
[00:16:12] about a thousand employees this week
[00:16:14] which is approximately 8% of its
[00:16:16] global workforce. CEO Chris Hyam
[00:16:18] cited the need to simplify the
[00:16:20] organization for faster decision-making
[00:16:22] and to drive revenue and hires more
[00:16:25] effectively. The layoffs are
[00:16:27] concentrated in the US particularly
[00:16:29] affecting the R&D and some go-to-market
[00:16:31] teams. Chad a thousand new people
[00:16:34] need indeed this week indeed they do
[00:16:37] your thoughts.
[00:16:38] Okay so the letter that Chris
[00:16:43] Hyams wrote I'm going to give you a
[00:16:45] quote out of it quote I am responsible
[00:16:47] for how we got here and the entire
[00:16:49] senior leadership team is responsible
[00:16:51] for making the difficult decisions
[00:16:53] necessary to help set us up for the
[00:16:55] future. We know that these decisions
[00:16:58] will have a significant impact on
[00:17:00] people's lives end quote no shit Chris
[00:17:02] and this isn't the first time that
[00:17:04] you've had to cut heads. I don't know
[00:17:06] how many times I need to say it
[00:17:08] he's not the guy for the job right
[00:17:10] now he was the guy for the job for
[00:17:12] a few years right. He's not the guy
[00:17:14] for the job now he's not the guy
[00:17:16] who can actually take indeed to the
[00:17:18] next level and if you take a look
[00:17:20] at some of the SIA information that
[00:17:22] came out the global market for online
[00:17:25] job ads fell 5% to 34.4 billion in
[00:17:29] 2023 compared to the previous year
[00:17:32] again from SIA still online job
[00:17:35] advertising revenue grew 151 percent
[00:17:39] 151 percent between 2015 and 2023
[00:17:43] according to the same SIA report
[00:17:46] only being down from the previous
[00:17:49] being down 5 percent right 151
[00:17:52] percent that's not sustainable. There's
[00:17:54] going to be a drop right but the
[00:17:56] thing is CEOs have to learn how to
[00:17:59] grow responsibly and when you're
[00:18:02] cutting this many heads I know this
[00:18:04] is 8 percent but this isn't the first
[00:18:06] cut right. That was a people yeah I
[00:18:08] mean people this is who needs to go
[00:18:11] at this point it needs to be the
[00:18:12] guy at the top why because he's
[00:18:14] responsible he even said that he's
[00:18:16] responsible so if I am a board member
[00:18:18] I am looking for a replacement a
[00:18:20] capable replacement who knows how to
[00:18:23] drive an organization like indeed to
[00:18:25] grow responsibly sustainably. Chris
[00:18:29] is not the guy I'm sorry and it
[00:18:31] sounds like I'm calling for a lot of
[00:18:33] heads here lately as I did for Ian's
[00:18:35] at Zip but I think both of those
[00:18:37] organizations are at the point where
[00:18:39] I mean you have to look at yourself
[00:18:41] in the mirror and say hey am I the
[00:18:42] right guy for this there many people
[00:18:44] are not going to look at themselves
[00:18:46] and say yeah I need to go ahead and I
[00:18:47] need to find my next thing these guys
[00:18:50] are not it and unfortunately you know
[00:18:52] I don't know who's going to be be
[00:18:54] able to put a boot in their ass but
[00:18:56] they're not going to do it to
[00:18:57] themselves. Doesn't anyone notice this?
[00:18:59] I feel like I'm taking crazy pills!
[00:19:01] That's a very interesting perspective
[00:19:04] recruit holdings owns indeed recruit
[00:19:06] holdings is a staffing company they
[00:19:09] bought indeed 10 plus years ago they
[00:19:11] bought a glass door kind of as a
[00:19:13] way to make sure zip recruiter
[00:19:15] didn't buy them at the time or someone
[00:19:17] else didn't so there's a question of
[00:19:19] whether Chris is the guy to lead
[00:19:21] indeed but is recruit the right
[00:19:24] organization to run a job site I think
[00:19:27] there's there's ample argument to say
[00:19:29] like recruit may not know what the
[00:19:31] fuck they're doing with with indeed
[00:19:33] Chris from all accounts is a nice guy
[00:19:35] he looks like if you and I had a
[00:19:36] love child it might look a little bit
[00:19:38] like Chris Himes but that's aside
[00:19:40] from the point so you bring up an
[00:19:42] interesting point and I would say like
[00:19:44] I don't know if recruit holdings knows
[00:19:45] what the hell they're doing there are
[00:19:47] great staffing company billions and
[00:19:48] billions in revenue but I think juries
[00:19:50] out as to whether or not that they
[00:19:51] know what the hell to do with a with
[00:19:52] a job site and then they just
[00:19:54] launched an on-demand job site in
[00:19:56] Japan we'll see where that goes
[00:19:58] probably nowhere indeed go wasn't it
[00:20:00] it's it's in beta now it's only
[00:20:02] it's Japan only anyway listen to the
[00:20:04] shred the shred has some insight into
[00:20:06] that I just forget what that was but
[00:20:09] to me like you mentioned layoffs
[00:20:11] previously and that was back in March
[00:20:13] of 23 they laid off 15 percent of the
[00:20:16] workforce back then it was around 2200
[00:20:18] now back then everyone was laying off
[00:20:20] you know multiple percentages of people
[00:20:23] so maybe it was less less big of a
[00:20:25] news but to then come back to the
[00:20:26] table and cut 8 percent like that's
[00:20:28] significant that's significant 15 and
[00:20:30] then 8 percent of the workforce yeah
[00:20:32] I point a lot of this to not only
[00:20:34] maybe mismanagement from recruit
[00:20:36] holdings and Chris being the wrong
[00:20:37] guy but also value act took a stake
[00:20:40] in recruit holdings back in November
[00:20:42] of 23 let me get this right at the
[00:20:45] time they said the two companies were
[00:20:47] set to benefit from smarter pricing
[00:20:49] better cost management and shrewd
[00:20:51] modernization of the services used to
[00:20:54] run websites translation year of
[00:20:56] efficiency cut fat cut heads do what
[00:21:00] private equity does and that's cut
[00:21:02] fat and increase profits the problem
[00:21:04] is profits aren't coming so is this
[00:21:07] the end of the cuts like I'm not so
[00:21:09] sure I'm not so sure from what I heard
[00:21:12] is they were waiting for this new
[00:21:14] sourcing tool to be completed before
[00:21:16] they did anything recruit holdings
[00:21:18] just announced their quarterly
[00:21:20] earnings I'm sure they had to like
[00:21:22] put some cloud cover with their
[00:21:24] earnings which were awful with how
[00:21:26] we cut some people cut some staff so
[00:21:28] this is really just bad all around
[00:21:30] sort is sourcing gonna fix it I
[00:21:32] don't think so I think the the four
[00:21:36] apocalypse are in full full effect
[00:21:38] right now you know the job board
[00:21:40] doctor is really quiet these days I
[00:21:42] can't imagine why and as we get to
[00:21:44] our next story it's even worse for
[00:21:46] them but yeah it's things are bad
[00:21:48] for indeed and getting worse I
[00:21:50] don't see any turn around they need
[00:21:52] a tech savvy guy that understands
[00:21:54] the internet because these staffing
[00:21:56] guys don't know what the fuck
[00:21:58] they're doing well so I mean
[00:22:00] cutting R&D and go to market I mean
[00:22:02] is that a way forward I mean is
[00:22:04] that really the way forward I mean
[00:22:06] you've got a you've got a platform
[00:22:08] that's 20 years old we talked about
[00:22:10] like this with with linkedin too you
[00:22:12] know how do you get through this I
[00:22:14] mean you've got a platform that
[00:22:16] should to be quite frank should be
[00:22:18] really matching jobs and delivering
[00:22:20] qualified jobs to qualified or
[00:22:22] jobs of qualified individuals right
[00:22:24] yeah you should be there already
[00:22:26] there's no reason we should not be
[00:22:28] there as an industry and indeed
[00:22:30] leading that the problem is
[00:22:32] they still have shitty tech I mean
[00:22:34] it just it's it's crazy
[00:22:36] well just listening to some
[00:22:38] of this shit man it's ridiculous I
[00:22:40] don't get it I just don't get it yeah
[00:22:42] usually stories now are like hey we're automating
[00:22:44] customer service we're automating
[00:22:46] you know cutting sales staff and automating
[00:22:48] that process or marketing you rarely
[00:22:50] ever hear about R&D yeah
[00:22:52] going to market going to the wayside so
[00:22:54] again not a good sign but
[00:22:56] from bad to worse let's get to
[00:22:58] another our red meat segment here
[00:23:00] the meatloaf fuck
[00:23:02] all right let's talk about
[00:23:04] zip recruiter good god
[00:23:06] here we go from bad to
[00:23:10] worse zip recruiter had a difficult
[00:23:12] first quarter featuring a significant
[00:23:14] significant revenue decline
[00:23:16] and its first net loss
[00:23:18] since q2 of 2021
[00:23:20] the company reported a revenue of roughly
[00:23:22] 122 million dollars
[00:23:24] which was a 33 percent
[00:23:26] decrease let me repeat that a
[00:23:28] 33 percent decrease from the previous
[00:23:30] year this financial downturn was
[00:23:32] attributed to a depressed labor
[00:23:34] demand and market factors
[00:23:36] the company also experienced a
[00:23:38] 32 percent drop in the number
[00:23:40] of paying employers Chad
[00:23:42] you weren't a fan of zip CEO
[00:23:44] before this report
[00:23:46] how do you feel about the situation
[00:23:48] at zip recruiter now yeah
[00:23:50] this doesn't feel like the red meat
[00:23:52] segment it feels like the CEO
[00:23:54] heads need to
[00:23:56] roll segments
[00:23:58] yeah I mean you just I mean
[00:24:00] you lined it out there I mean revenue
[00:24:02] down the 33.5 percent
[00:24:04] net loss net loss
[00:24:06] 230 percent
[00:24:08] one more time net loss
[00:24:10] 230 percent so
[00:24:12] as I stated earlier in the segment the market
[00:24:14] is seeing a five percent drop
[00:24:16] five percent drop
[00:24:18] single digit right and we're seeing 230
[00:24:20] percent net loss
[00:24:22] yeah I mean it's
[00:24:24] if it's not a I don't I just don't
[00:24:26] know what needs to happen
[00:24:28] for
[00:24:30] organizations to understand that
[00:24:32] cutting thousands of people
[00:24:34] like zip and indeed both
[00:24:36] have once you do
[00:24:38] that and that doesn't remedy the problem
[00:24:40] you might need to look at the
[00:24:42] top of the ivory fucking tower for God
[00:24:44] sakes we need
[00:24:46] better leadership in these positions
[00:24:48] and as I said before Ian
[00:24:50] I thought was incredibly innovative
[00:24:52] until they got to IPO I don't know if he got
[00:24:54] across that IPO finish line
[00:24:56] and just he's taking a fucking nap
[00:24:58] or what's going on
[00:25:00] but I mean things have have gone
[00:25:02] from innovation to non-existent
[00:25:04] you done messed up AA Ron
[00:25:06] I'll try to be as
[00:25:08] nice about this as I can
[00:25:10] zip recruiter right now is a pile
[00:25:12] of dog shit sprinkled with
[00:25:14] cat turds
[00:25:16] stock down eight percent which
[00:25:18] by the way it's down quite a bit before
[00:25:20] that look you had a
[00:25:22] great brand a brand that
[00:25:24] represented hourly work
[00:25:26] seasonal work part time work
[00:25:28] and it was the gold standard for
[00:25:30] that market was lost
[00:25:32] their shit decided to create a brand
[00:25:34] for everybody put some Phil
[00:25:36] AI bullshit as
[00:25:38] as their mascot slash
[00:25:40] tech they went AI they went
[00:25:42] enterprise and they went IPO
[00:25:44] and it's been a
[00:25:46] shit show ever since
[00:25:48] they're not going to go back to what
[00:25:50] they were the game is up
[00:25:52] they're in Santa Monica California
[00:25:54] it's much nicer to go to the beach
[00:25:56] and hang out there than it is
[00:25:58] to like figure out this company
[00:26:00] I think that your calls for Ian to
[00:26:02] go are legit
[00:26:04] this company is going nowhere fast
[00:26:06] and if we get into like
[00:26:08] recession territory in the
[00:26:10] greater economy like you're going to
[00:26:12] see some real pain at
[00:26:14] a place like zip recruiter if I'm an
[00:26:16] employee at zip recruiter right now I'm
[00:26:18] really nervous and I'm
[00:26:20] updating my linkedin profile
[00:26:22] yeah I mean we take a look
[00:26:24] at sports we see like quarterbacks who have
[00:26:26] lost a step and they just get
[00:26:28] driven get hammered and
[00:26:30] so does the so does the team
[00:26:32] the CEO is gotta again they've
[00:26:34] got to take a look it's like hey look you've lost a
[00:26:36] step you know maybe you should go back and
[00:26:38] try another startup or something
[00:26:40] you can't you can't be in
[00:26:42] the NFL anymore you need to be in the
[00:26:44] UFL maybe look
[00:26:46] Ian was great at building a brand getting
[00:26:48] like getting a niche and being the best
[00:26:50] service in that niche they were a
[00:26:52] better taking it to IPO they were a better
[00:26:54] cooler craigslist yeah
[00:26:56] for that market and they have lost
[00:26:58] their way and it's time
[00:27:00] to make some serious changes at
[00:27:02] zip recruiter if they're going to save that
[00:27:04] thing yeah agreed agreed
[00:27:06] another one alright
[00:27:08] more red meat for the
[00:27:10] listeners eightfold has
[00:27:12] introduced eightfold talent
[00:27:14] tracking an AI
[00:27:16] native applicant tracking system
[00:27:18] aiming to streamline HR
[00:27:20] technology investments and enhance the
[00:27:22] talent acquisition process
[00:27:24] promising to accelerate successful
[00:27:26] job offers provide a cohesive
[00:27:28] experience for talent teams and
[00:27:30] candidates and offer skills
[00:27:32] based compensation intelligence
[00:27:34] don't call it an ATS
[00:27:36] Chad your thoughts
[00:27:38] on eightfolds talent
[00:27:40] tracking yeah so when
[00:27:42] eightfold took a hundred and twenty five
[00:27:44] million back in october of 2020 I said
[00:27:46] that that kind of money means that they're
[00:27:48] going to have to become some sort of platform
[00:27:50] and my prediction was that platform
[00:27:52] is going to have to be an applicant tracking
[00:27:54] system I doubled down when
[00:27:56] eightfold received an additional two hundred
[00:27:58] and twenty million in june of
[00:28:00] twenty twenty one less
[00:28:02] than a year from each other I mean
[00:28:04] they had three hundred and forty five
[00:28:06] million dollars in less than a year
[00:28:08] now taking hundreds of millions of dollars
[00:28:10] in that short amount of time means
[00:28:12] there has to be some
[00:28:14] grander vision that
[00:28:16] investors bought into and that
[00:28:18] vision could have been owning
[00:28:20] your specialty and then landing
[00:28:22] new customers and then
[00:28:24] slowly expanding your product
[00:28:26] base organically
[00:28:28] into that portfolio that's how you
[00:28:30] gain wallet share that's responsible
[00:28:32] growth but you can also
[00:28:34] expand your offerings too fast
[00:28:36] and I remember back in my monster
[00:28:38] days so story time kids
[00:28:40] we were killing the
[00:28:42] job revenue game and
[00:28:44] then we started expanding into areas
[00:28:46] that we had no expertise so
[00:28:48] do you remember monster momentum
[00:28:50] that product? No, I do not
[00:28:52] remember monster momentum. Of course you don't
[00:28:54] of course you don't it was an applicant
[00:28:56] tracking system that never took off
[00:28:58] why didn't it take off? Monster
[00:29:00] was a job listing service
[00:29:02] and then the monster staff
[00:29:04] they were wonderful at selling and
[00:29:06] servicing and upselling those
[00:29:08] job ad accounts but they
[00:29:10] were never an HR tech company
[00:29:12] that's an entirely different animal
[00:29:14] and that's why monster momentum never
[00:29:16] made it out of the cradle so
[00:29:18] that's what I'm seeing here with Eightfold not only
[00:29:20] did they start out as a matching
[00:29:22] platform they weren't even a
[00:29:24] leader in that specific domain
[00:29:26] monster was at least
[00:29:28] a leader in a domain before
[00:29:30] they started to step out of it right before
[00:29:32] they failed miserably with monster
[00:29:34] momentum so Eightfold takes more money
[00:29:36] and dramatically opens up their total
[00:29:38] addressable market with regard to solutions
[00:29:40] offering and expanding
[00:29:42] their geographic footprint
[00:29:44] I just don't think Eightfold
[00:29:46] you know I think
[00:29:48] they're not going to fail because they're launching
[00:29:50] an applicant tracking system
[00:29:52] I believe Eightfold will fail because they are
[00:29:54] growing their total addressable market
[00:29:56] at an unsustainable rate
[00:29:58] taking too much money, too fast
[00:30:00] that can really
[00:30:02] blur your vision
[00:30:04] and your discipline goes out the window
[00:30:06] and then you become an expert at nothing
[00:30:08] I was thinking about this
[00:30:10] kind of like with Zip Recruiter
[00:30:12] but this goes along with Eightfold too
[00:30:14] what's the easiest way to get
[00:30:16] $100 million in your bank account
[00:30:18] start with $345 million
[00:30:20] You are so dumb
[00:30:22] You are really dumb, for real
[00:30:24] Mark Twain said I went
[00:30:26] broke slowly and then all of a sudden
[00:30:28] Chano Fernandez
[00:30:30] the former co-CEO
[00:30:32] of Workday became the
[00:30:34] co-CEO of Eightfold
[00:30:36] in January this year
[00:30:38] so are we surprised that
[00:30:40] innovation out of Workday's
[00:30:42] full co-CEO
[00:30:44] is in the form
[00:30:46] of an ATS
[00:30:48] that they somehow want to rename
[00:30:50] talent tracking because
[00:30:52] we're Eightfold and we're cool
[00:30:54] so let me give you the quote from the press release
[00:30:56] let me get this right
[00:30:58] Talent tracking is our latest leap
[00:31:00] into the future
[00:31:02] a revolutionary tool that's been
[00:31:04] designed from the ground up
[00:31:06] with responsible AI
[00:31:08] and unparalleled user
[00:31:10] experience top of mind
[00:31:12] that's CEO Ashutosh Gara
[00:31:14] of Eightfold
[00:31:16] Fuck you
[00:31:18] it's an ATS
[00:31:20] these guys are the masters
[00:31:22] of like shining a
[00:31:24] turd making like
[00:31:26] this is what they do they put
[00:31:28] so many buzzwords
[00:31:30] and like what the cool
[00:31:32] kids are saying and consumers
[00:31:34] are going what the fuck did they
[00:31:36] just say but I'm all for it because
[00:31:38] AI and revolutionary
[00:31:40] and all these
[00:31:42] cool words are using it
[00:31:44] these guys are this is the
[00:31:46] emperor has no clothes
[00:31:48] this is an ATS
[00:31:50] this is revolutionary
[00:31:52] 25 years ago and you guys
[00:31:54] are acting like you just split the atom
[00:31:56] in 1945
[00:31:58] like fuck you man
[00:32:00] God
[00:32:02] this company is so
[00:32:04] full of shit look they got
[00:32:06] money they built a product they built a brand
[00:32:08] they had a chance to sell it
[00:32:10] they didn't okay so
[00:32:12] now they're in a spot where let's hire
[00:32:14] work days guy let's build
[00:32:16] like everything for everybody
[00:32:18] and just like work day they're going to be
[00:32:20] eh okay for most things
[00:32:22] but not really great at everything
[00:32:24] and that's where this company is going
[00:32:26] it will be fun to watch and talk about
[00:32:28] but God it's so
[00:32:30] frustrating to like read
[00:32:32] this shit and know that consumers are going
[00:32:34] oh I bought a cool product
[00:32:36] when you didn't it's an A
[00:32:38] fucking T fucking S
[00:32:40] fucking eight fold man
[00:32:42] Jenny Kangas man please
[00:32:44] help me help me our friend of the show
[00:32:46] is a new employee there
[00:32:48] help us
[00:32:50] understand this thing because from where
[00:32:52] I sit this is a turd
[00:32:54] with some shinola on it and
[00:32:56] nothing else so in the interesting
[00:32:58] thing is work day bought hired score
[00:33:00] right who actually they did
[00:33:02] focus specifically on a domain
[00:33:04] and get that domain right
[00:33:06] I think that it's kind of like the tale of two cities
[00:33:08] there I mean obviously hired score didn't take hundreds
[00:33:10] of millions of dollars which I think
[00:33:12] was incredibly smart for hired score
[00:33:14] but again we're talking you know
[00:33:16] two tails here and
[00:33:18] work day not buying
[00:33:20] eight fold right I mean after
[00:33:22] taking all that money how the fuck
[00:33:24] that's just crazy cash but then being
[00:33:26] able to go after a company like hired
[00:33:28] score again I mean I just
[00:33:30] think we talked about it on the show
[00:33:32] a million fucking times there is
[00:33:34] such a thing as taking too much money
[00:33:36] as a matter of fact taking too much money
[00:33:38] will probably kick you in the nuts much faster
[00:33:40] than not getting enough
[00:33:42] doesn't anyone notice this I feel like I'm taking
[00:33:44] crazy pills I'm on record
[00:33:46] I'm not convinced work day
[00:33:48] isn't going to fuck up that acquisition
[00:33:50] I'm on record I'm on record
[00:33:52] well time will tell time will tell
[00:33:54] I need a breather let's take a break
[00:33:56] and go back to the future
[00:33:58] everybody
[00:34:03] alright chat it's time for
[00:34:05] back to the future
[00:34:07] that's right just like
[00:34:11] eight fold thinking that launching an
[00:34:13] ATS is cool let's go back to the
[00:34:15] future with starting
[00:34:17] Elon Musk is doubling down
[00:34:19] on recruitment
[00:34:21] X the artist formerly known as
[00:34:23] twitter is rolling out job recommendations
[00:34:25] in the US market a continuation
[00:34:27] of the X hiring
[00:34:29] project that began life in
[00:34:31] July of last year
[00:34:33] and a post on the site X hiring
[00:34:35] announced quote you can now start
[00:34:37] seeing personalized job
[00:34:39] recommendations directly
[00:34:41] on your timelines tailored
[00:34:43] to your preferences end quote
[00:34:45] Chad you've been pretty consistent on your
[00:34:47] less than glowing opinion of
[00:34:49] Musk and X jobs
[00:34:51] does this one change your mind
[00:34:53] so we have tech companies building
[00:34:55] models that are ingesting data
[00:34:57] contextualizing and matching jobs
[00:34:59] candidates we have companies
[00:35:01] who are building engagement
[00:35:03] in experience systems we have large
[00:35:05] language models we have all
[00:35:07] multi-modal all this
[00:35:09] stuff is going on and
[00:35:11] yet this is the original
[00:35:13] Job board job search agent that we had
[00:35:15] over 25 years ago
[00:35:17] and I'm not saying that you have
[00:35:19] to be on the razor's edge of
[00:35:21] innovation in our space but
[00:35:23] from what I'm seeing twitter doesn't even
[00:35:25] understand the basics or even
[00:35:27] where to start building today's
[00:35:29] engagement platform and that's what you
[00:35:31] need to build if you want
[00:35:33] to drive musk like
[00:35:35] revenue they're not going to get there
[00:35:37] they're lost in the sauce
[00:35:39] if you know how
[00:35:41] to build a system from the ground
[00:35:43] up you will look at this and say
[00:35:45] these guys are throwing shit at
[00:35:47] the wall they have no fucking clue what they're doing
[00:35:49] and they're starting with
[00:35:51] 1998
[00:35:53] job search shit 97
[00:35:55] 96 job search
[00:35:57] agents this is ridiculous
[00:35:59] that escalated quickly so let's
[00:36:01] let's take a quick glance at
[00:36:03] Elon's resume
[00:36:05] the dude launches rockets
[00:36:07] and then he brings them back
[00:36:09] and lands them okay
[00:36:11] the Chinese can't figure that shit
[00:36:13] out okay this guy
[00:36:15] revolutionized electric vehicles
[00:36:17] I own a Tesla
[00:36:19] it's amazing well my wife
[00:36:21] owns a Tesla she
[00:36:23] says it's amazing and when she lets me
[00:36:25] drive it it seems amazing
[00:36:29] this is a guy who
[00:36:31] is giving internet to Ukraine
[00:36:33] from space
[00:36:35] as it's fighting Russia
[00:36:37] this is a guy who's digging
[00:36:39] holes in Vegas
[00:36:41] creating an entire like transit
[00:36:43] system under the ground in Vegas
[00:36:45] not anymore and this
[00:36:47] this is innovation
[00:36:49] like this this is
[00:36:51] what they're doing I get nothing oh
[00:36:53] man I mean there's
[00:36:55] low-hanging fruit apparently they're
[00:36:57] not getting enough subscribers to their
[00:36:59] service and jobs
[00:37:01] is low-hanging fruit I mean he's
[00:37:03] talked shit about LinkedIn every week
[00:37:05] for the last year let's see
[00:37:07] some LinkedIn competitor shit
[00:37:09] let's see like some real shit
[00:37:11] showing me jobs
[00:37:13] in my feed isn't
[00:37:15] innovation dude like I
[00:37:17] just I'm so
[00:37:19] disappointed that
[00:37:21] he's out of his element dude
[00:37:23] get out hire a CEO
[00:37:25] that knows tech or has done this shit before
[00:37:27] an ex like someone
[00:37:29] from LinkedIn like that would be
[00:37:31] interesting and do LinkedIn
[00:37:33] stuff from LinkedIn I
[00:37:35] this is a guy who is a genius
[00:37:37] and this is what innovation is
[00:37:39] out of Twitter hiring ex
[00:37:41] hiring whatever the fuck we're calling it like
[00:37:43] they might get a few more clicks from their
[00:37:45] relationship with Appcast or whoever's
[00:37:47] putting jobs on there now but
[00:37:49] um man there seems no
[00:37:51] traction of companies like getting
[00:37:53] the gold check you get my jobs on there
[00:37:55] like they're not those are the
[00:37:57] releases I want to see not some crazy
[00:37:59] jobs in your feed everybody
[00:38:01] yay really disappointing
[00:38:03] really disappointing the biggest
[00:38:05] issue that we have here is that
[00:38:07] they know what
[00:38:09] their problem is and that's
[00:38:11] lack of user data okay and we're
[00:38:13] talking about user data we mean like LinkedIn
[00:38:15] has pretty much our whole profile
[00:38:17] on there our whole career profile
[00:38:19] right Twitter doesn't have that they're
[00:38:21] not going to gain access to it so what
[00:38:23] are they going to do well they're just going to go into
[00:38:25] tell me what you want and we'll deliver it
[00:38:27] bullshit I mean again
[00:38:29] this to me this is not
[00:38:31] where you start okay you have
[00:38:33] you have the ability
[00:38:35] to actually start building
[00:38:37] and engaging your
[00:38:39] users to get more data from them
[00:38:41] um this is not this is not it
[00:38:43] this is not it you know
[00:38:45] what I would be more impressed with
[00:38:47] I would be more impressed if Twitter said you know
[00:38:49] what every time someone tweets out
[00:38:51] I hate my job my boss
[00:38:53] is an asshole like fuck
[00:38:55] the man we're going to give them jobs
[00:38:57] because we know they're pissed at their
[00:38:59] workplace and we're going to give them jobs based
[00:39:01] on where they are
[00:39:03] jobs that's
[00:39:05] new like that's something
[00:39:07] you can do that most other people can't
[00:39:09] but no we get yeah recommended
[00:39:11] jobs in your feed everybody
[00:39:13] if they did that and then
[00:39:15] they could also have they could partner
[00:39:17] with companies that actually already have a lot
[00:39:19] of profile data or they could
[00:39:21] make it easier to to make
[00:39:23] their profile more robust
[00:39:25] but they're just they're not going through that process
[00:39:27] and that's where you start you don't start
[00:39:29] with this bullshit that's
[00:39:31] this is not where you start anyway
[00:39:33] stupid connect my Twitter
[00:39:35] email with my
[00:39:37] application at whatever company
[00:39:39] and grab my profile
[00:39:41] from my from the ATS
[00:39:43] bring it into the data set
[00:39:45] of what I have on Twitter and
[00:39:47] serve me jobs based on what my
[00:39:49] resume is from my from
[00:39:51] my ATS application like there's so much
[00:39:53] bullshit they could do but this is what they
[00:39:55] get man this is 60%
[00:39:57] of the time it works
[00:39:59] every time all right
[00:40:01] more back to the future shit
[00:40:03] that's right I want to play the sound bite again
[00:40:05] stack overflow
[00:40:07] has partnered with
[00:40:09] indeed on a quote
[00:40:11] new version of stack overflow
[00:40:13] jobs this experiment will
[00:40:15] explore a dedicated space that
[00:40:17] puts thousands of highly relevant jobs
[00:40:19] at the fingerprints of developers
[00:40:21] the job site is currently available in the US
[00:40:23] and may eventually expand
[00:40:25] to more markets it's a co-branded
[00:40:27] job board Chad how innovative
[00:40:29] your thoughts yeah
[00:40:31] remember back in the job backfill
[00:40:33] Olympics days when indeed
[00:40:35] and simply hired were literally
[00:40:37] racing to build search
[00:40:39] widgets and blog job
[00:40:41] search platforms just
[00:40:43] didn't say that they've got their
[00:40:45] shit out there all over the place this is the same
[00:40:47] thing I mean and that was over a decade
[00:40:49] ago so you know here we go again
[00:40:51] I was a huge proponent of
[00:40:53] stack going into the jobs business because
[00:40:55] they have enough data on their
[00:40:57] user base to feed relevant jobs
[00:40:59] which was why I was surprised
[00:41:01] when they shut it down
[00:41:03] and now to be replaced
[00:41:05] with this seems incredibly
[00:41:07] lazy why is it lazy
[00:41:09] here's a quote off the stack
[00:41:11] overflow website quote stack overflow
[00:41:13] and indeed have clearly defined
[00:41:15] criteria based on job
[00:41:17] title job title
[00:41:19] to ensure jobs posted on
[00:41:21] stack overflow jobs are relevant to
[00:41:23] a technical audience
[00:41:25] end quote yes kids job
[00:41:27] titles not relevance
[00:41:29] not fit the skills no matching
[00:41:31] just keyword search
[00:41:33] variables the same shit that we were doing
[00:41:35] back in the late 1990s
[00:41:37] I don't understand
[00:41:39] this indeed got it
[00:41:41] there's got to be some kind of revenue play
[00:41:43] here some form some fashion sharing
[00:41:45] click click money who
[00:41:47] knows but I mean
[00:41:49] this is this is just weak sauce
[00:41:51] you don't mess up
[00:41:53] so speaking of back to the future
[00:41:55] when I worked at job options
[00:41:57] our entire marketing strategy
[00:41:59] was an acquisition
[00:42:01] strategy was partnerships
[00:42:03] and I was the partnership
[00:42:05] dude at one point where
[00:42:07] we would just put a jobs link
[00:42:09] on these sites and we would create a
[00:42:11] white label co-branded job
[00:42:13] site people would search for jobs
[00:42:15] and then we would split revenue
[00:42:17] if someone posted a job they get
[00:42:19] 30% we get 70 whatever
[00:42:21] and then indeed
[00:42:23] happened and API's happened
[00:42:25] and search happened and
[00:42:27] it became really easy
[00:42:29] for someone to plug in an API
[00:42:31] and do searches and have jobs and then
[00:42:33] on a pay per click basis you'd get
[00:42:35] paid a portion of the click like
[00:42:37] AdSense kind of took
[00:42:39] that model out of
[00:42:41] circulation and I can remember
[00:42:43] paying some bigger sites
[00:42:45] you know quite a bit of money at the time for
[00:42:47] like the real estate to have a job
[00:42:49] section we had some portals that are no longer
[00:42:51] around but we would pay them for that privilege
[00:42:53] for whatever reason I
[00:42:55] mean indeed has killed their API
[00:42:57] thing I don't know if it's like competitive
[00:42:59] like put job boards out of business
[00:43:01] or like stick it to
[00:43:03] whatever there's too much spam or
[00:43:05] maybe fraud maybe click fraud was a
[00:43:07] big issue I don't know but they killed it
[00:43:09] and then a few months or a year later
[00:43:11] they're like oh we're doing this network thing
[00:43:13] we have health care
[00:43:15] and we have tech and
[00:43:17] all these little partnerships I'm like
[00:43:19] you had it so I don't know
[00:43:21] what happened to where they kind of went back
[00:43:23] and then are coming back
[00:43:25] I agree that the Stack Overflow
[00:43:27] is a nice partnership to have
[00:43:29] Stack Overflow is very non
[00:43:31] committal on this though they're like
[00:43:33] we're in the US we may
[00:43:35] may launch it somewhere else
[00:43:37] literally the press release
[00:43:39] from the CEO of Stack Overflow
[00:43:41] was quote our primary goal with Stack
[00:43:43] Overflow jobs is to simply
[00:43:45] learn does that sound like a committed
[00:43:47] company? No.
[00:43:49] Ready to put jobs in front of users probably
[00:43:51] because their users hate jobs their users
[00:43:53] aren't like they say that users
[00:43:55] like jobs but I bet like it's a thing
[00:43:57] that people don't like on Stack Overflow
[00:43:59] that want jobs to get headhunter calls all the time
[00:44:01] I think I think indeed
[00:44:03] is writing a check I think indeed is writing a
[00:44:05] big check and Stack Overflow is
[00:44:07] like we can't say no they made them
[00:44:09] an offer they couldn't refuse he took
[00:44:11] the deal but he's also saying like hey
[00:44:13] we're not it's just kind of a thing we're just
[00:44:15] learning here we're just cashing checks
[00:44:17] it's all good yeah and then
[00:44:19] indeed can go to their their customers
[00:44:21] and go hey man we got this cool
[00:44:23] network of tech people we're on Stack
[00:44:25] Overflow which puts more money in
[00:44:27] Indeed's pocket so I think I think this is just
[00:44:29] like money in Stack Overflow indeed
[00:44:31] writing a check they're sucking it out of customers
[00:44:33] who are like oh we need tech people and Indeed
[00:44:35] has this partnership with Stack
[00:44:37] Overflow it's regurgitating
[00:44:39] the past it's you know
[00:44:41] a lot of it's because Google traffic
[00:44:43] has slowed down so we've
[00:44:45] got to like find other ways to do it by
[00:44:47] the way we don't talk enough on this show about
[00:44:49] generative AI and search results on Google
[00:44:51] like almost every Google search
[00:44:53] now is just like here's the answer
[00:44:55] I don't have to click on a site I don't have to go
[00:44:57] anywhere like that's really bad
[00:44:59] not just for big sites but that's really bad
[00:45:01] for little sites and content
[00:45:03] creators that's hitting Indeed
[00:45:05] and everybody else so they need to find ways
[00:45:07] to put jobs in front of people through these
[00:45:09] partnerships this is just another example
[00:45:11] of what they're doing I expect them to
[00:45:13] hit the healthcare market pretty heavy
[00:45:15] here in the next 12-24 months as well
[00:45:17] we'll be talking about those partnerships
[00:45:19] It just seems like a couple of once again
[00:45:21] two markets that are not the same
[00:45:23] at all and
[00:45:25] that Indeed they're not experts
[00:45:27] in so you know it'll
[00:45:29] be interesting again
[00:45:31] I think this is more jazz hands than
[00:45:33] anything else look at what
[00:45:35] I have here look at what I have here yeah but you don't
[00:45:37] have the people actually engaging
[00:45:39] you don't have the outcomes and not to
[00:45:41] mention if you could get all that
[00:45:43] fucking data
[00:45:45] and you can match against it oh oh wait a minute
[00:45:47] your matching sucks I guess it doesn't matter
[00:45:49] we learned at job options that
[00:45:51] roughly 3-5% of the
[00:45:53] traffic actually will click on
[00:45:55] jobs so
[00:45:57] you know Indeed's gonna sell this as like
[00:45:59] hey man everybody on Stack Overflow
[00:46:01] is going to the jobs and they're checking your
[00:46:03] shit out like especially with this audience
[00:46:05] I bet it's like 1-2%
[00:46:07] are gonna click over and look for jobs
[00:46:09] so look if you're an employer
[00:46:11] and you get a call from Indeed and they start
[00:46:13] pitching Stack Overflow and how hot
[00:46:15] it is and how cool it is like do
[00:46:17] some data dive and see what
[00:46:19] kind of percentage actual traffic
[00:46:21] from Stack Overflow is going
[00:46:23] to the jobs lots of luck kids
[00:46:25] lots of luck
[00:46:27] trip down
[00:46:29] memory lane let's get back to what we know
[00:46:31] best only fans
[00:46:33] we'll be right back
[00:46:37] I'm in Euro Chad mode
[00:46:39] and this has been really a downer
[00:46:41] episode because all these companies
[00:46:43] are talking about are doing stupid shit
[00:46:45] can you give me something
[00:46:47] that will uplift everybody's soul
[00:46:49] please I will categorize this
[00:46:51] as the why we can't have nice things
[00:46:53] discussion
[00:46:55] but so let's set the table
[00:46:57] here there's an organization they're kind
[00:46:59] of artsy charity thing
[00:47:01] it's portals.org I think
[00:47:03] so they take this big circle
[00:47:05] thing it's called the portal
[00:47:07] and they connect two
[00:47:09] communities to each other around the world
[00:47:11] and it's like a camera
[00:47:13] a live stream of people
[00:47:15] in an area it's like a big
[00:47:17] Facebook portal right
[00:47:19] I mean it's kind of a big creepy
[00:47:21] Lord of the Rings eye in the
[00:47:23] sky thing that you can kind of see through
[00:47:25] and see people so you probably seen this
[00:47:27] on the news they recently connected
[00:47:29] Dublin Ireland
[00:47:31] with New York City
[00:47:33] who thought that was a good idea
[00:47:35] needs to like check themselves because
[00:47:37] these are two demographics
[00:47:39] like let's be honest are prone
[00:47:41] to a little bit of knuckleheadedness
[00:47:43] okay so Ireland
[00:47:45] starts showing pictures
[00:47:47] of like the World Trade Center
[00:47:49] the twin towers burning
[00:47:51] they started it Ireland started it from what I
[00:47:53] understand so then New Yorkers
[00:47:55] start putting like pictures of potatoes
[00:47:57] just like
[00:47:59] stupid shit right flipping them off
[00:48:01] suck it you know suck it
[00:48:03] Ireland whatever so
[00:48:05] you know where this is going dude you know where this is
[00:48:07] going a New Yorker
[00:48:09] her name is Ava Louise probably
[00:48:11] not her real name she decides
[00:48:13] to flash
[00:48:15] the Dublin faithful
[00:48:17] I don't think there were any angry customers
[00:48:19] on that but it sparked
[00:48:21] it sparked outrage and it has shut
[00:48:23] down the portal
[00:48:25] for now it probably never will come back on
[00:48:27] between Dublin and New York
[00:48:29] it needs to be like Boise
[00:48:31] and I don't know cork or something
[00:48:33] no corks probably even worse anyway
[00:48:35] so the joke's on us
[00:48:37] okay so Ava
[00:48:39] she's on OnlyFans
[00:48:41] imagine that she's on OnlyFans
[00:48:43] so there's no bad advertising
[00:48:45] there's only good advertising especially
[00:48:47] with boobies I mean come on she's gone
[00:48:49] for 400,000 Instagram followers
[00:48:51] which was not too shabby I think to like
[00:48:53] 450 the last time I checked
[00:48:55] for flashing her boobs and
[00:48:57] sex sells as you know Chad
[00:48:59] so she made it
[00:49:01] she's increased her monthly revenue
[00:49:03] on OnlyFans after this
[00:49:05] incident 8,000 pounds
[00:49:07] per month what is that
[00:49:09] that's like 9,000
[00:49:11] 10,000 dollars in USD
[00:49:13] yes there's an English story so
[00:49:15] I don't know but yeah for flashing
[00:49:17] Ireland she's getting
[00:49:19] 10,000 more dollars per month
[00:49:21] on her OnlyFans thanks
[00:49:23] to her transatlantic flashing
[00:49:25] this is why we can't have nice things
[00:49:27] Chad first and foremost
[00:49:29] let's just be frank here
[00:49:31] everybody loves boobies
[00:49:33] boobs are welcomed
[00:49:35] everywhere universal
[00:49:37] universally loved right yes
[00:49:39] so you know I think she was
[00:49:41] just trying to bring the temperature down
[00:49:43] which I appreciate
[00:49:45] and I think to be quite
[00:49:47] frank we should probably do this whole
[00:49:49] boobies tour all over the world
[00:49:51] to bring the temperature down
[00:49:53] guys bring the temperature down and
[00:49:55] just so that everybody out there knows
[00:49:57] we're going to have a Chad and Cheese
[00:49:59] portal where we're going to invite
[00:50:01] Ava and the rest of the
[00:50:03] world to bring
[00:50:05] the temperature down because
[00:50:07] Chad and Cheese and all of you
[00:50:09] love boobies and we love
[00:50:11] to de-escalate issues
[00:50:13] Chad and Cheese do love boobies
[00:50:15] everybody she her quote
[00:50:17] was that she just wanted to show Ireland
[00:50:19] her potatoes okay appropriate
[00:50:21] appropriate by the way Chad
[00:50:23] I haven't gotten a dad joke in this
[00:50:25] week how do you make an Irishman cry
[00:50:27] take away his Guinness
[00:50:29] say last call we out
[00:50:31] we out
[00:50:33] thank you for listening to
[00:50:35] what's it called?
[00:50:37] a podcast the Chad
[00:50:39] Cheese brilliant
[00:50:41] they talk about recruiting they talk
[00:50:43] about technology but most of all
[00:50:45] they talk about nothing
[00:50:47] just a lot of shout outs of people
[00:50:49] you don't even know and yet
[00:50:51] you're listening it's incredible
[00:50:53] and not one word about cheese
[00:50:55] not one cheddar
[00:50:57] blue nacho
[00:50:59] pepper jack Swiss
[00:51:01] so many cheeses
[00:51:03] and not one word
[00:51:05] so weird anywho
[00:51:07] be sure to subscribe today
[00:51:09] on iTunes, Spotify
[00:51:11] Google Play or wherever you
[00:51:13] listen to your podcasts
[00:51:15] that way you won't miss an episode
[00:51:17] and while you're at it
[00:51:19] visit www.
[00:51:21] ChadCheese.com
[00:51:23] just don't expect to find
[00:51:25] any recipes for
[00:51:27] grilled cheese so weird
[00:51:29] we out