LinkedIn TV Streaming: A Love Story Fraught with Technical Difficulties

[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 Soosh and Joel Cheeseman are here to punch the recruiting industry right where it hurts.

[00:00:11] Complete with breaking news, brash opinion and loads of snark.

[00:00:15] Buckle up boys and girls, it's time for the Chad & Cheese Podcasts!

[00:00:19] Ohhhh, yeah.

[00:00:28] Just two gangsters of love speaking on the pompadism of work.

[00:00:33] Hi kids, you're listening to the Chad & Cheese Podcast.

[00:00:36] I'm your co-host Joel Maurice Cheeseman.

[00:00:39] This is Chad 1864 Soosh.

[00:00:42] And on this episode, checking out of Checker, LinkedIn embraces the big screen

[00:00:48] and who'd you rather? Let's do this.

[00:00:52] Chad Okay, okay. Before we get into this, I've got to, I have a question.

[00:00:58] So here in Indiana, I've been trying to mull through this over the last couple of days.

[00:01:02] Here in Indiana, we've had what's called the brain drain, which when people get educated here

[00:01:07] and then they leave. So let's say, you know, we have tons of engineers that are in Purdue.

[00:01:11] Chad Sure. Rose Holman, Purdue.

[00:01:12] Chad Right, they go to Purdue, they get educated, they eject, right?

[00:01:16] They get the fuck out of Indiana, okay?

[00:01:18] And they do for a number of reasons, but the competition for companies to attract great talent

[00:01:24] to a state, economic developments, right?

[00:01:27] And working with state government and working with federal government, I know that is a thing

[00:01:30] they talk about all the time. So set this up.

[00:01:33] This week, the Arizona Supreme Court ruled that a near total abortion ban from 1864

[00:01:42] was enforceable. How do companies doing business in the state of Arizona who are trying their

[00:01:49] damnedest to get the great talent into their companies, into Arizona, into Phoenix, into

[00:01:56] Tempe, into Arizona? How do they deal with this? Because this is going to be a real recruiting

[00:02:02] issue for companies trying to compete for great talent. How do they do it?

[00:02:08] Chad Well, first off, talking about college. College is recruiting students. A lot of students

[00:02:14] have news reports coming out that students don't want to go to schools where abortion

[00:02:19] is quite frankly illegal, not even a gray area. It's just straight up Civil War era laws.

[00:02:25] Chad Think of all the fun that you have in college, right?

[00:02:29] Chad All the dumb fun, all the bad decisions that you make in college and also trying

[00:02:35] to make the plan B pill illegal.

[00:02:39] Chad I don't get it, man.

[00:02:41] Chad Yeah, very confusing. I mean, I think the GOP has to be wondering, be careful what you wish for.

[00:02:47] They've been wishing for a Supreme Court to sort of strike down row for 30, 40, 50 years

[00:02:54] and they've gotten it and they may lose a whole lot of elections because of it.

[00:03:00] Trump is kind of moonwalking this issue, throwing it to the states. People are going to vote on this.

[00:03:06] People are going to vote on this issue like they have in certain states and it's going to be a loser for the GOP.

[00:03:13] But the GOP has made this marriage with the conservative right who support them in terms of canvassing houses

[00:03:23] and voting and money. And so they've made this deal with the devil and now they have to dance with the devil

[00:03:29] and November should be very interesting. The question is does it stay with the states?

[00:03:34] If it does, I think more states than not are going to vote down the laws that are there now.

[00:03:39] Does it go to the federal level which I don't think it will.

[00:03:43] I'm sure a lot of companies wish that it would because it becomes a real game of whack-a-mole

[00:03:48] to say what states are we going to do business in and hire in.

[00:03:52] We've had companies say, hey, we'll ship you to whatever state you want for this healthcare.

[00:03:59] That's a pain in the ass. Companies don't want to do that.

[00:04:02] That's just because they're there already, right?

[00:04:05] They won't put new locations in those states.

[00:04:08] And again, I don't want to get away from...

[00:04:10] This is they're taking the right away from women and that's their decision, a woman's decision.

[00:04:16] And I mean, I don't want to get away from that.

[00:04:18] But as this podcast focuses on business, right?

[00:04:22] The impact for these states, again, they're shooting themselves in the foot.

[00:04:27] I mean, it is... Again, I've been saying for years, we are trying to go back to 1930, right?

[00:04:34] I was wrong. We're trying to go back to the 18 fucking 60s.

[00:04:37] It's quite a dichotomy that you have states that are quote-unquote business friendly.

[00:04:42] Arizona, Texas, Florida, low taxes, low regulation.

[00:04:47] But then you flip the script and say, oh, by the way, abortions illegal in our state.

[00:04:53] Companies have to put their money, their dollars to work and get politicians that are going to make a more friendly environment for recruiting and retaining talent. Period.

[00:05:02] You can't lure me to Texas with low regulations and taxes.

[00:05:06] And then in the back door, tell me like, oh, by the way, women are screwed in this state.

[00:05:11] Yeah, and take your rights away.

[00:05:13] Not that Indiana is any better, okay?

[00:05:16] We're only a fourth into 2024.

[00:05:19] We've got two hundred and some days left till the election. It'll be fun.

[00:05:23] I can't wait to be on the beach.

[00:05:26] Shout out!

[00:05:27] That's true. This is messing with your vibe, man.

[00:05:30] He's killing my Euro vibe, man.

[00:05:32] Chad's had some Euro energy going on and this is not good for any of that.

[00:05:36] So yeah, let's give him some shout-outs.

[00:05:40] All right. Number one, Adam Chambers, one of our favorite guests, one of our favorite firing squads.

[00:05:46] We didn't have video at the time, but my man was in a basement somewhere at his mom's house.

[00:05:52] Maybe I don't know. He had pillows over his head trying to sound as good as possible on the which we gave him.

[00:05:59] I think we both gave him a rousing applause.

[00:06:02] That was a company called Appley Chat, which he pivoted into nurse recruiting.

[00:06:07] He's not the first one to see dollars in healthcare and he made that move.

[00:06:12] We've kind of lived through him. He's from Ireland, Belfast.

[00:06:18] He goes to Mexico. He does salsa dancing with beautiful women in South America.

[00:06:24] He's in Spain.

[00:06:25] Yeah, he's all over the place.

[00:06:27] He finally got married. I don't know if we're plotting that or maybe it's a sad note of his single dumb is gone,

[00:06:35] but he obviously met a lot of lucky woman and couldn't be happier for this kid.

[00:06:41] Adam Chambers, man. Good for you. Enjoy life and keep doing what you're doing, man.

[00:06:47] We got to say from those wedding pictures, he's definitely punching up because he did incredibly well.

[00:06:53] So hopefully she probably has a bad-eyed sight. Good luck kids. Good luck kids.

[00:06:58] That's not nice.

[00:07:00] Oh, Adam knows that.

[00:07:02] I know Adam.

[00:07:04] My shout out goes to Shitty Combs departments.

[00:07:07] The following came from an HR leader this week directly connected to us.

[00:07:14] quote, smart recruiters has not announced that change to its customers yet about Rebecca Carr becoming the interim CEO.

[00:07:23] Also, the blue board disappearing act was nuts.

[00:07:28] They never contacted us about them dissolving the company end quote.

[00:07:33] So this is a customer in a leadership position.

[00:07:37] So to all of those vendors out there and Combs departments out there,

[00:07:41] make sure your customer engagement game is tight.

[00:07:45] Okay? Your customers need to know what the fuck's going on.

[00:07:48] Yeah, don't be stupid.

[00:07:49] You are so dumb. You are really dumb.

[00:07:52] All right. My last shout out.

[00:07:55] Seth Godin is a marketing guru, if you will, that I've been following for 20 some years.

[00:08:01] If you ever read Purple Cow, it's a great book to kind of starting out in marketing.

[00:08:06] But anyway, he has launched a few things over the years.

[00:08:09] He actually launched a job site not too long ago and then shut it down eventually if that tells you something about how hard running a job board is and how bad of a business that it is in most cases.

[00:08:21] But he just launched a site called Good Bids.

[00:08:24] There's not really a good marketplace for giving to charity, silent auction kind of thing.

[00:08:30] So he's building kind of a marketplace. They have some really cool bidding items.

[00:08:36] One is have your name in the next John Grisham novel.

[00:08:40] You'll be a character like Chazzo, a character in a novel.

[00:08:44] Oh, that's cool.

[00:08:45] Fight Club movie poster signed. A lot of sports memorabilia.

[00:08:49] And all of that goes to charities that you select the money to go to.

[00:08:54] So Good Bids.org, if you want to check it out, sign up, bid on some cool things.

[00:08:59] I highly recommend that.

[00:09:00] But Seth Godin, good job.

[00:09:02] Shout out to you for creating Good Bids.org.

[00:09:06] Very nice.

[00:09:07] Very nice.

[00:09:08] Very nice.

[00:09:09] Well, they might not be bidding for free stuff, but at ChadCheese.com slash free.

[00:09:13] You get the free stuff.

[00:09:14] Look at that t-shirt Joel Cheeseman's wearing right now.

[00:09:17] Look at it.

[00:09:18] If you're if you're on YouTube, you can see that that is sexy.

[00:09:21] That's some guns in roses.

[00:09:23] Sex appeal right there.

[00:09:25] Brought to you by Aeronap.

[00:09:27] That's right kids.

[00:09:28] Aeronap the referral platform plus free craft beer from our friends at Aspen Tech Labs.

[00:09:35] You could perspective when free beer delivered to your door.

[00:09:38] Not by us, by somebody who does that for a living whiskey by text Colonel bottle from Joel bottle from myself.

[00:09:46] Great whiskey.

[00:09:47] And if it's your birthday kids from plum, you might win the tension on your work.

[00:09:56] Right now.

[00:09:57] I know I can.

[00:09:58] I can feel it all the way down in my plums.

[00:10:01] That's right Chad.

[00:10:02] A few listeners are celebrating another trip around the sun.

[00:10:05] No wonder if they were in the the trail of totality this past week with the eclipse.

[00:10:09] But but they were celebrating other trip around the sun.

[00:10:12] Stephen Rothberg, Sean Godfrey, Rick, Carter, Jason Casey, Jason Crowell, Amanda, Samansky, Lauren, Berger, Molly, Stum, Dave, Lowry and Brian Moore all celebrate another trip around the sun this week.

[00:10:29] Happy birthday listeners.

[00:10:31] They just reminds me of bad boys.

[00:10:33] Mike Lowry.

[00:10:34] Who are you?

[00:10:35] Are you Mike Lowry?

[00:10:36] No, I'm Mike Lowry.

[00:10:37] All right.

[00:10:38] We got events.

[00:10:39] We got events.

[00:10:40] We're going to Unleash America in Vegas.

[00:10:43] That's at Caesars Forum, which is a great, great little area.

[00:10:47] Not only is the forum great, I think for an event, but the link is right there.

[00:10:53] You've got all the great restaurants.

[00:10:55] We are taking the leap and literally jumping off the top of the stratosphere with Matt Bauer from out higher.

[00:11:03] That's right.

[00:11:04] CEO of out higher.

[00:11:05] And a package of depends for me, my friend.

[00:11:09] Oh no.

[00:11:11] Dude, it's over 800 feet and yes, you can jump with us or you can nominate a friend or enemy.

[00:11:19] Just go to chattease.com and right on the top of the page, you can click the button says jump with us.

[00:11:26] Nominate yourself or someone else.

[00:11:28] All thanks to the high flying staff over at out higher.

[00:11:33] So listener, you got to let go of those outdated hiring processes and technologies.

[00:11:37] You got to take the leap.

[00:11:39] See what I did there?

[00:11:40] See what you did there.

[00:11:41] Go to out higher.ai today.

[00:11:46] Then I know you're excited.

[00:11:47] I know you're excited.

[00:11:48] I'm so excited.

[00:11:49] My wife is super excited too.

[00:11:51] She's like, have you done your will?

[00:11:53] Have you updated the will yet?

[00:11:56] Then we're going to the minus five bar.

[00:11:58] But before that, let's talk about this.

[00:12:00] Great people sent me a box.

[00:12:02] Did you get one?

[00:12:03] I didn't know who it was.

[00:12:04] Excellent.

[00:12:05] There was no note.

[00:12:06] Just a mysterious cigar bottle.

[00:12:08] I had a note.

[00:12:09] Oh, you had a note.

[00:12:10] You probably threw the note away because you saw the stag.

[00:12:13] Barrel strength bourbon.

[00:12:14] You saw a cigar.

[00:12:15] You saw the Glen Karen glass.

[00:12:17] Did you get did you get a bottle of fire?

[00:12:19] Fireball?

[00:12:20] I didn't get the stag.

[00:12:21] I got a west.

[00:12:23] Many fireball.

[00:12:24] I didn't get a many fireball.

[00:12:26] Is there a story there?

[00:12:27] I got a fireball and I bet the fireball is supposed to keep me warm while we are in Omar's ice castle

[00:12:33] at the minus five bar with Diane and Jane from great people and Omar from John Pixel.

[00:12:41] So how can you get into the party?

[00:12:43] Well, follow Joel and me on LinkedIn.

[00:12:47] You can check out our latest posts where we we push the registration link out there.

[00:12:53] Yeah, gonna get you a little park is going to feel like it's Finland all in the desert.

[00:12:58] It's great.

[00:12:59] And then on May 8th at the neon bone yard, if you have not seen this place, very sexy,

[00:13:06] you've got to go to Google.

[00:13:07] You got to go to Google.

[00:13:08] You got you got a jet in United States.

[00:13:11] Gonna take it to a porn site.

[00:13:12] I promise you go to you type in neon bone yard and all the pictures that come up on

[00:13:17] Google.

[00:13:18] It is amazing.

[00:13:19] We're gonna be partying there.

[00:13:21] Basking in the neon glow.

[00:13:23] But just go to Chad cheese dot com slash events are good.

[00:13:28] The Chad cheese dot com click on events in the upper right hand corner and click on the

[00:13:32] join wait list button there.

[00:13:34] Join us our friends from plum and that's gonna be a good time.

[00:13:38] Love it.

[00:13:39] Dude, Vegas we got a we're getting too old for this shit man.

[00:13:42] We got to pace ourselves a little bit pace ourselves, pace ourselves for yourself

[00:13:47] Mr. I'm ready for this.

[00:13:49] All right.

[00:13:50] Here we go.

[00:13:51] Before we get to the news.

[00:13:52] Yeah, we got some big layoff news.

[00:13:55] Checker.

[00:13:56] Checker has laid off 382 employees due to a slowdown and hiring per the company.

[00:14:04] The layoffs affecting 32% of its workforce aim to improve efficiency.

[00:14:10] There's that word again.

[00:14:11] Amid economic challenges.

[00:14:13] In case you missed it checker services include criminal record checks and identity

[00:14:18] identification with clients like Uber and Netflix.

[00:14:22] The startup not quite a startup anymore but they're valued at $5 billion.

[00:14:26] That was back in 2022.

[00:14:28] They've raised $6709 million in funding.

[00:14:33] Chad, what can only be I guess called a train wreck of sorts?

[00:14:40] What are your thoughts on the news out of checker?

[00:14:43] It seems like they're not going to be the one buying Fama.

[00:14:46] We keep talking about all these background check companies that should be talking to

[00:14:50] Ben Mona's about the buying Fama and really evolving.

[00:14:54] It doesn't look like that's happening here.

[00:14:57] Are we looking at do you think we're looking at just prepping for acquisition and or just

[00:15:03] go IPO?

[00:15:04] Oh, I don't think IPO is anywhere in the future.

[00:15:07] So we've recently talked about the three big companies in this space historically have

[00:15:13] been higher right.

[00:15:15] They were acquired by private equity taken off the public market.

[00:15:18] Off the board.

[00:15:19] Yeah, their valuation from the from the sale was $1.65 billion.

[00:15:24] And then you had Sterling and first advantage merge I guess like it was technically an

[00:15:30] acquisition of first advantage over Sterling that valued the companies at $2.2 billion.

[00:15:37] So basically 2022 investors were wise enough to think that checker was twice as valuable

[00:15:43] as a bigger.

[00:15:45] Yeah, like $5 billion.

[00:15:48] So clearly they weren't going to grow into that valuation so they have to cut costs

[00:15:56] and these which cut costs is I don't know a third of your head count off the books.

[00:16:03] Frankly, now that they've cut they need to grow if they're going to have any hope of getting

[00:16:08] into that valuation.

[00:16:09] So that means I think it's a perfect time to go by Fama like take some of this money

[00:16:14] that you're saving from employees and there are a ton of mom and pop background check companies

[00:16:19] with 2550 100 clients like start buying those companies up start consolidating because

[00:16:26] higher right Sterling all those guys have about 12 to 18 months to figure out

[00:16:32] what the fuck they're doing with private equity and the acquisitions.

[00:16:35] You have a window now and hopefully some money in the bank to go consolidate consolidate

[00:16:41] consolidate and hopefully make the dollars that you're saving worthwhile because that

[00:16:46] valuation is redix makes life hard we've talked about companies raising too much money.

[00:16:52] This is a case where checker raised too much money and now we're seeing the negative

[00:16:57] impacts of that unfortunately for the employees.

[00:17:00] Good luck guys.

[00:17:03] Topics.

[00:17:05] All right.

[00:17:07] LinkedIn has launched connected TV or what the kids call CTV chat ads and live event ads

[00:17:14] aiming to help marketers tap into the growing video consumption trend.

[00:17:19] CTV ads allow marketers to display video campaigns campaigns on home TV sets expanding

[00:17:26] reach beyond the app live event ads promote upcoming LinkedIn events in stream enhancing

[00:17:32] event awareness.

[00:17:33] These initiatives come as LinkedIn seeks to offer more video focused marketing options.

[00:17:39] Chad is LinkedIn listening to our show because we've been recommending and get it

[00:17:44] get more into videos.

[00:17:45] What are your thoughts on the news out of LinkedIn?

[00:17:47] Have we just become best friends?

[00:17:49] So there are two aspects I want to take a look at here and is first and foremost

[00:17:53] platform itself and being able to target on the platform versus streaming right so we'll

[00:17:57] take a look at LinkedIn first.

[00:17:59] So on LinkedIn's post about this move they mentioned quote reach engage decision makers

[00:18:05] to help our customers capture buyers attention and quote now I mentioned last week that

[00:18:11] I thought LinkedIn and their latest moves were going to pivot toward marketing and

[00:18:16] they are knowing that those dollars available in those budgets are much larger but

[00:18:22] they would be in combination with the smaller recruitment advertising budget set.

[00:18:26] I mean they're still going to they're going to have those products available.

[00:18:29] Last week I thought you know they were going to go toward the B2C with the whole avocado

[00:18:35] thing that they've done before but they didn't.

[00:18:38] They're focusing on B2B and once again the quote reach engaged decision makers

[00:18:45] right so why is this smart?

[00:18:47] The transition goes through the roof when companies are selling higher revenue business

[00:18:51] products which cost hundreds of thousands of dollars or millions of dollars per year

[00:18:56] versus the B2C market with avocados Tommy John underwear and meal kits right blue

[00:19:02] apron blue apron meal kits.

[00:19:04] The focus and revenue opportunity is much larger then I want to talk about the other

[00:19:10] aspect of this is the streaming partnerships so let's just take a look at Paramount Plus

[00:19:16] Roku, Samsung and then also Universal Premium Streaming.

[00:19:22] So Paramount Plus I watch Halo, Mayor of Kingston, Kingstown, Tulsa King, Ray Donovan

[00:19:29] they're all shows that I've enjoyed but that seems like a huge separation from the B2B buyers

[00:19:34] on LinkedIn.

[00:19:35] How are they targeting decision makers with streaming?

[00:19:38] The short answer is they aren't so LinkedIn knows who the CEEOs are in the business

[00:19:45] leaders are in their platform but when they start to stream out that's going to be an issue.

[00:19:51] So they try to make these things one right we're going B2B and this is how we're getting

[00:19:57] larger distribution.

[00:19:59] One the value proposition on the LinkedIn side of the house value proposition should

[00:20:04] be much higher because you know you're going to be targeting leaders and people who

[00:20:09] actually make decisions versus the streaming aspect.

[00:20:13] I think it's interesting.

[00:20:15] I think it's definitely a way forward.

[00:20:18] This was, I mean the only LinkedIn news I've been excited about in the very long time.

[00:20:23] Yeah my comment we'll start with...

[00:20:25] They wouldn't just become best friends.

[00:20:31] This is, there's a big if if they can pull this off and you and I both know that

[00:20:39] LinkedIn don't have a great history of pulling things off effectively.

[00:20:43] They don't.

[00:20:44] But there's a lot to be excited about this.

[00:20:47] Retargeting is something that most people, especially on the employment side, don't take

[00:20:52] advantage of.

[00:20:53] People don't understand that you can put like some code on your your ATS and then

[00:20:57] serve ads on Instagram about working at your company.

[00:21:01] Like I know agencies do it but a lot of people just don't understand it.

[00:21:04] So the thought of having placing an ad on LinkedIn and having you know retargeting

[00:21:10] code on your ATS or your side of your company site and then having based on that

[00:21:16] if they can connect.

[00:21:17] I'm on LinkedIn or I go to the website and then I'm connected through my streaming

[00:21:23] service that I'm watching a show and I've been to this site and now I can see

[00:21:27] an ad from that company.

[00:21:29] So think about a job for a second.

[00:21:31] Say I'm really looking.

[00:21:32] Somebody comes to LinkedIn.

[00:21:33] They're looking for sales jobs and the company is posting a sales position and now when

[00:21:39] they post the job it says hey would you like this ad to show up on Tulsa King or

[00:21:44] whatever or properties and and you're targeting this maybe it's his age range

[00:21:49] and this is who watches that show.

[00:21:51] It's I mean the targeting could be really really really interesting.

[00:21:54] Most companies don't have the wherewithal to just say yeah let's put

[00:21:59] a video spot.

[00:22:00] Let's put a commercial on an ad.

[00:22:02] Now what becomes really interesting to me is we've all seen these movies that

[00:22:07] are made on AI where you just say like show me a dog walking through a corn

[00:22:12] field blah blah blah and it literally produces a dog on a on a you know

[00:22:17] walking through a cornfield.

[00:22:18] I don't know how I came up with a dog in the cornfield but anyway

[00:22:21] I'll imagine it saying okay we'll create an ad based on the job

[00:22:28] posting you just put up we have your company logo because that's on your

[00:22:32] profile page.

[00:22:33] We have kind of what you do where you're located etc and take all that data

[00:22:38] and create sort of a template ad or maybe like here are three ads that

[00:22:42] you can show touting the job position that's open at your company and then

[00:22:47] redirect people from that ad to go to LinkedIn and apply to the job.

[00:22:51] That becomes really interesting.

[00:22:54] If you can give a company the power to automate commercials that are

[00:22:59] that look great that are AI produced and automated LinkedIn can make a

[00:23:04] shit ton of money doing like rinsing repeating ads for jobs on these

[00:23:10] stations that people watch and that goes into their open AI

[00:23:14] relationship that goes into their Microsoft stuff.

[00:23:17] Think about targeting though from those ads you could have a

[00:23:20] multiple of ads one could be you know that this person is a black

[00:23:26] female and the target person in the ad is actually a black female right so

[00:23:30] you can see yourself in that ad even more right.

[00:23:34] So you could target those out even better.

[00:23:37] I can't see LinkedIn.

[00:23:39] You can't see them pull this off.

[00:23:43] I think that's a bridge too far for me right.

[00:23:46] I'm just trying to get down to the basics here and I'm having

[00:23:48] problems with them actually getting the basics done.

[00:23:51] But yeah I think it's probably a little bit much.

[00:23:54] That is a future that employers would embrace because everybody

[00:23:58] would love to see their ad on a show that people watch.

[00:24:02] They'd love to see like oh and then see who watched it and how many

[00:24:05] times it was seen and have people actually apply maybe a quick way

[00:24:09] to point LinkedIn, I don't know point your camera and upload.

[00:24:12] I don't know how that would work but easy apply through your

[00:24:14] phone while you're watching TV anyway.

[00:24:16] It's very exciting if they can pull it off and it looks like

[00:24:19] at least from your point of view it's not going to happen in that

[00:24:22] case well it'll just be a big bummer of a news story.

[00:24:30] Sorry to squash those dreams.

[00:24:32] Do it LinkedIn come on baby come on come on make the Kool-Aid

[00:24:36] is getting a little stale and it's starting to taste good again.

[00:24:39] Don't do the easy stuff.

[00:24:41] Okay get over to that guy.

[00:24:43] Alright maybe our next story let's talk tale of two companies.

[00:24:49] First off job and talent Spanish based company whose 2023 revenue

[00:24:55] came in at $450 million with the US becoming the company's

[00:25:00] largest and fastest growing market as well as it's most profitable

[00:25:04] and now for something completely different job.com who's been

[00:25:10] very quietly and whose most newsworthy achievement in 2024 so far

[00:25:15] as a CEO with a 7% 7 not 77% approval rating on Glassdoor

[00:25:23] and you thought Trump and Biden were crushing the favorabilities

[00:25:27] scores with a company rating now much better of 19% approval

[00:25:32] featuring talk of major payroll issues Chad your thoughts

[00:25:38] on these two diverging companies.

[00:25:40] Yeah so I mean they're obviously we could have the leadership

[00:25:44] discussion and probably have a whole fucking podcast around

[00:25:47] that I'm gonna kind of put that to the side and just talk

[00:25:50] about model right it's talk a little bit about the models

[00:25:53] and we actually had Aaron Stewart who is an amazing presenter

[00:25:58] lovely and pitcher that guy if you need somebody to pitch

[00:26:02] for you that guy can pitch but the model when we actually

[00:26:07] he was on he was on stage with us in Austin where I think

[00:26:10] he lives in Texas but he was on stage pitching and I just

[00:26:15] couldn't you loved it to death and I love him but I just

[00:26:18] couldn't get the model I couldn't I couldn't absorb

[00:26:20] what they were gonna try to do because their model at

[00:26:23] job.com was to buy up staffing companies right buy up

[00:26:26] staffing companies and infuse their tech into those

[00:26:30] staffing companies now here's the big problem once

[00:26:33] you start buying staffing companies with a margin of

[00:26:36] 20 plus percent to be able to take that that money down to

[00:26:40] 2% which is what they were talking about is fucking

[00:26:44] ridiculous that's never gonna happen right you have to

[00:26:48] flip it the other way around and you have to become the

[00:26:50] operating system for said staffing companies for for

[00:26:54] the industry so now back to job and talent they have

[00:26:59] done some acquisitions of staffing companies they

[00:27:02] haven't they haven't done as much as job dot or job

[00:27:05] dot com has what they have done is they have created an

[00:27:10] operating system for staffing companies and what does

[00:27:14] that mean very simply there shouldn't be somebody on a

[00:27:18] phone every day talking to somebody about coming in

[00:27:21] for a warehouse fucking position right those

[00:27:24] positions should be on an app that are automatically

[00:27:27] targeting individuals who have those skills right and

[00:27:31] in job and talent it's very simple you go in you answer

[00:27:34] a few questions well first off you can take a look at all

[00:27:37] the jobs that are available in your area right you can

[00:27:39] click the one that you want you can ask a few questions

[00:27:42] you can get the job right then you get the job

[00:27:45] right then okay now this job could be a shift or it

[00:27:49] could be the job itself and that's the beauty about

[00:27:52] this whole market is that if I'm already working at

[00:27:55] Amazon but yet I want to pick up a shift at another

[00:27:58] warehouse or something like that I can go in job and

[00:28:01] talent I can make a little side hustle cash right if

[00:28:04] I'm a nurse and I want to pick up a little bit more

[00:28:07] cash although you know everybody's you know everything

[00:28:10] the schedules are full at the hospital that I work with

[00:28:13] or the clinic that I work with I can look at another

[00:28:16] one that's in the next you know city or country

[00:28:19] or county but not country county close to me and

[00:28:22] I can go in and I can do that this is where this

[00:28:25] is where work is moving from a shift standpoint

[00:28:28] right and the problem is job.com

[00:28:32] they couldn't make that happen because of the

[00:28:37] revenue models 20% to 2% right job and talent

[00:28:41] who's coming from Europe is smashing them

[00:28:45] smashing them and how many companies come to the

[00:28:49] US and smash it not many not very many it

[00:28:53] typically doesn't work out very well Chad 60% of the

[00:28:56] time it works every time by the way if I was going

[00:29:00] to tell you you have the choice of picking job.com

[00:29:04] or job and talent with an ampersand in between

[00:29:07] the two which do you think will be the more successful

[00:29:09] company you would automatically think job.com

[00:29:12] would look tell me if you've heard this story

[00:29:14] before cool name colorful founder pets.com

[00:29:19] like

[00:29:22] jobster those are remember jobster very colorful

[00:29:25] yeah little more abrasive Jason much like Aaron

[00:29:29] yes but a carnival Barker I think you've called both

[00:29:32] of them at some point great sales guys

[00:29:36] big personalities little bit of direction

[00:29:40] challenge with both what are we going to be when

[00:29:43] we grow up if you remember job.com had some credit

[00:29:47] card thing that they gave like it was really confusing

[00:29:51] and they pivoted to people yeah they paid it through

[00:29:54] the credit card right and job and talent what do you do

[00:29:57] you pay through the app yeah yeah credit card versus

[00:30:00] that very apropos comparison there so and then

[00:30:04] to go into the other you know Jason Goldberg

[00:30:07] jobster was lucky enough to not have glass door

[00:30:10] when he was apparently threatening people and I

[00:30:14] was covering this when I was blogging back in the day

[00:30:17] they had a amazing team I can't say that job.com

[00:30:20] has an amazing team because I don't know most of them

[00:30:23] but yeah poorly received CEO people aren't happy

[00:30:28] there were probably issues with paying people

[00:30:31] at jobster what's good like layoffs things like

[00:30:34] that now if you look at job.com's insights

[00:30:38] like headcount is remain pretty steady my guess

[00:30:41] is that's because of the acquisitions they keep adding

[00:30:44] headcount by buying these companies but there's

[00:30:47] clearly trouble in the house and when you have

[00:30:50] trouble in the house like it just spills over

[00:30:53] into everything job and talent regardless of the

[00:30:56] name has somehow figured out the sauce of ease

[00:31:01] of use you know young people understand this

[00:31:04] is the way that I want to work give me my phone

[00:31:07] let me apply let me work get paid through that

[00:31:09] and that just seems to work where people like

[00:31:12] snap snag a job snag not snap snag a job

[00:31:15] they were going to try this a few others so

[00:31:18] yeah tell it to companies I mean if you look inside

[00:31:21] management it just seems to be a mess at job.com

[00:31:24] which is unfortunate we both like Aaron a lot

[00:31:26] I don't know what's going on there we haven't heard from them in a long time

[00:31:29] where we used to hear from them all the time about what's going on let me tell you

[00:31:32] about what we're doing they're very very quiet

[00:31:35] and then we have this company come out of Spain and just kick an ass

[00:31:38] and showing a lot of companies how it's done

[00:31:41] I'm wondering how like a job case is looking at

[00:31:44] job and talent success and saying where did we

[00:31:47] where can we catch this lightning how to

[00:31:50] because they have a lot of users and I don't know

[00:31:53] yeah how they're monetizing it but

[00:31:55] yes might want to look at at job and talent

[00:31:58] and how do we change our model into something more

[00:32:01] job and talent might want to look at job case from an acquisition

[00:32:04] standpoint because of the size right they've raised a billion

[00:32:08] three yeah the staffing the staffing

[00:32:11] industry in the U.S. alone is two hundred

[00:32:14] and eighteen billion dollars

[00:32:16] billion dollars so the ability

[00:32:19] for a job and talent to buy into a job

[00:32:22] case that has a humongous fucking community already

[00:32:25] I think that's a very good call

[00:32:27] achievement that could be interesting yeah well thank you

[00:32:30] thank you do you like that one better than steps on buying career builder

[00:32:33] oh yes yeah they did this one makes sense

[00:32:36] this one makes sense yeah

[00:32:38] doesn't anyone notice this I feel like I'm taking crazy pills

[00:32:44] alright Chad I first read this as a Marvel story

[00:32:48] when it said multiverse but no no it's not

[00:32:51] it's not a Marvel story London based multiverse

[00:32:54] which claims to deliver a new kind of

[00:32:57] apprenticeship that combines education work and technology

[00:33:00] has acquired sand friend based search light

[00:33:03] which says it provides a bias free

[00:33:06] AI that filters top applicants by

[00:33:09] relevant work experience hard skills and soft

[00:33:12] skills terms were not disclosed search light had previously raised

[00:33:16] nineteen point five million dollars and employs

[00:33:19] sixteen people while multiverse has raised four hundred and eighteen

[00:33:23] million dollars and employs a little over one thousand folks

[00:33:27] Chad your thoughts on the multiverse search light deal

[00:33:30] yeah I see this much like work days acquisition of

[00:33:33] hired score work day had a fucking clue

[00:33:37] about AI and training large language models which means

[00:33:40] they didn't know how to explain and or defend them

[00:33:44] Athena and the team at higher score lived

[00:33:47] and breathed it so the tech in the acquisition made sense

[00:33:51] in this case multiverse fills a gap with the search light

[00:33:55] acquisition in the same way multiverse gains a platform geared

[00:33:59] toward I O science culture data hiring

[00:34:02] outcomes basic auditing and they've got a ton of integrations

[00:34:05] with different different applicants are acting system

[00:34:08] platforms that are out there I know trying to go out

[00:34:12] and actually hire individuals to build something like this

[00:34:15] for a platform that is going to take a very long time

[00:34:19] and I have a lot of money this is a shortcut for them

[00:34:24] not just from standpoint of a tech from a tech standpoint

[00:34:27] but also from a people standpoint from an expertise

[00:34:31] in house standpoint to me this makes a hell of a lot of

[00:34:35] sense and since last November during multiverse layoffs

[00:34:39] they laid off about 30 people founder you and Blair

[00:34:42] that's right Tony Blair's kid stated that the U.S.

[00:34:46] business didn't meet revenue targets and required too much

[00:34:49] financial investment and that multiverse would have to

[00:34:53] focus on a more tailored approach in specific

[00:34:57] sectors for the U.S. market which is what we talk about

[00:35:00] on every show just about right almost weekly

[00:35:04] targeted sector knock out of the park then expand

[00:35:08] now they're feeding their data into searchlight

[00:35:12] to accelerate that process in scale in those targeted

[00:35:16] sectors meaning they can expand much faster so again

[00:35:20] if you take a more focused approach how do you get to

[00:35:24] expansion faster this is how you do it right you expand

[00:35:27] within that sector first and then you explode out this is

[00:35:30] I think a smart a smart acquisition for them and

[00:35:34] necessary another one so you you stole a lot of my

[00:35:37] thunder on this one particularly the particular Tony Blair

[00:35:41] relationship or relation there I was hoping that you

[00:35:44] would mention that so I could I could drop that one I

[00:35:47] could not that although the searchlight founders are

[00:35:51] twins so you didn't mention that so I will mention that

[00:35:54] they're twin twin twin ladies it was kind of eerie

[00:35:58] looking at that was saying it did a is that an

[00:36:00] AI thing or no no actually there will be a founding

[00:36:03] team of AI that's a billion dollar company one day

[00:36:07] I've heard that on on a podcast somewhere the one

[00:36:10] thing for me is that multiverse has been around

[00:36:13] they've been there they're on your eight been they've

[00:36:15] been around for a while they're not profitable the

[00:36:18] US I don't think is going the way that they had

[00:36:21] hope that it would and they should be killing it

[00:36:23] I mean apprenticeships and and that business should

[00:36:26] be doing very very well so someone said I'm sure

[00:36:31] let's get some tech in here let's get some people

[00:36:33] who know tech not just Tony Blair's is it his son

[00:36:37] his son kid kid yeah just okay you've got a famous

[00:36:41] guy now we need people who know what they're doing

[00:36:43] so both founders are going to be in executive

[00:36:47] positions with the company which means they'll be

[00:36:50] helping drive the ship which I think is good

[00:36:52] they're not like leaving it sounds like they're

[00:36:54] gonna be in it at least you know for the next

[00:36:56] year so lock them in yeah so lock them in if

[00:36:59] they can bring people that know what they're

[00:37:01] doing bring San Francisco talent and Silicon

[00:37:04] Valley folks into this company that has raised

[00:37:06] a ton of money they were unicorn at one point

[00:37:09] I don't know if they still are but you have a

[00:37:11] lot of money of a high profile founder now

[00:37:13] you have technology you have people that know

[00:37:15] what's doing there you have a white their white

[00:37:17] combinator darling actually some of the new

[00:37:20] stories that I read so yes it'll make sense

[00:37:24] I mean the apprenticeship thing with high tech

[00:37:26] stuff there may be some some growing pains

[00:37:28] there but I think ultimately this is a this

[00:37:31] is this is a much better chance of succeeding

[00:37:34] than work day sucking up a company like

[00:37:37] hired scored I give this a lot better

[00:37:40] chances of success because you don't have a

[00:37:43] work day bureaucracy to deal with multi

[00:37:46] versus still a fairly flexible small company

[00:37:49] in relation to work day totally agree

[00:37:52] totally agree all right let's get to one of

[00:37:55] my favorite games I think it's one of your

[00:37:57] favorite games as well 2 a.m. in the bar

[00:38:00] who'd you rather everybody here we go

[00:38:03] alright here's how we play we talk about

[00:38:05] the company startups that have recently

[00:38:07] gotten funding and Chad and I choose

[00:38:09] who we'd rather let's play first up

[00:38:13] we've got New York City based summer

[00:38:16] workplace student loan solution provider

[00:38:19] they've raised nine million dollars in

[00:38:21] funding led by rebalance capital and

[00:38:24] Semper virus the funds will be used to

[00:38:27] expand the team and enhance the

[00:38:29] technology summer partners with employers

[00:38:32] to provide student loan and education

[00:38:34] assistant benefits that is summer and

[00:38:37] corner number one corner number two we

[00:38:40] have carry loop a Richardson Texas based

[00:38:44] provider of a caregiver support platform

[00:38:47] they've raised 20 million dollars in series

[00:38:49] C funding the company helps families

[00:38:51] manage their care needs by connecting

[00:38:53] them to an employer sponsored solution

[00:38:56] carry loop coaches provide professional

[00:38:59] support while its digital platform

[00:39:01] offers resources and tools to support

[00:39:04] caregiving Chad that is carry loop and

[00:39:06] summer who'd you rather

[00:39:09] I'll start with carry loop so 43 million

[00:39:12] total funding and have been around for

[00:39:14] 12 years they've created a marketplace

[00:39:16] for caregivers with a concierge service

[00:39:19] built in and since most people have no

[00:39:22] clue what fucking services are available

[00:39:24] let alone which ones that would fit

[00:39:27] for them and their needs carry loop

[00:39:30] could be pretty much the technical

[00:39:32] infrastructure and operating system for

[00:39:34] partners and healthcare solutions

[00:39:36] nationwide on the other hand summer the

[00:39:39] only student repayment solution as a

[00:39:41] benefit I want to hear about is how

[00:39:43] companies can take on the burden

[00:39:45] themselves I'm not interested in

[00:39:47] another scheme that puts a new shade

[00:39:49] of lipstick on the fucking corporate

[00:39:51] welfare pig so it's 2 a.m. in the

[00:39:53] morning in the club it's bumping who

[00:39:55] would I'd rather I'd rather carry

[00:39:57] loop what are you doing

[00:39:59] so both of these hit home

[00:40:03] for me I had student debt

[00:40:06] and I have parents that I could

[00:40:09] help give care to so yeah the

[00:40:12] question for me is who partly

[00:40:15] is who's in office because Biden is

[00:40:17] really good about excusing student

[00:40:18] loans and if that trend continues

[00:40:20] we may not have a need for a company

[00:40:22] called summer because no one will

[00:40:24] have student debt no we will have

[00:40:26] student debt but yes I want to hear

[00:40:28] about tax benefits for companies

[00:40:31] that pay off student loans or maybe

[00:40:33] match student loan payments like

[00:40:35] let's get creative around this folks

[00:40:37] like also on the other end of like

[00:40:40] not like reducing the cost of college

[00:40:42] that's a bigger question than like

[00:40:44] I think corporate corporate

[00:40:46] initiatives but let's have something

[00:40:48] that incentivizes a company to like

[00:40:50] help pay off student debt for their

[00:40:52] employees to me that is more exciting

[00:40:54] than let's just hire a company or buy

[00:40:56] a solution that people can then

[00:40:58] access and hopefully help pay down

[00:41:01] stuff now on the care stuff

[00:41:03] baby boomers 77 million people 10,000

[00:41:06] people a day are retiring that means

[00:41:08] sickness that means care that means

[00:41:11] assisted living that means hospice

[00:41:14] like these are real issues for me

[00:41:17] yes so I know they're big issues

[00:41:19] of other people and that also I

[00:41:21] think you could also carry in

[00:41:23] child just childcare come into this

[00:41:25] I don't know but definitely on the

[00:41:27] aging parent thing what I like to

[00:41:29] hire professionals to help me through

[00:41:31] that what I like to hire that have

[00:41:33] that benefit as someone who has

[00:41:35] parents to deal with so for me as

[00:41:37] well like I think they both deserve

[00:41:39] some applause but yeah maybe it's

[00:41:41] age bias or like where like I

[00:41:43] paid off my student loan 20 years

[00:41:45] ago so I haven't really had to deal

[00:41:47] with that lately whereas I have an

[00:41:49] 84 year old dad so just recency

[00:41:51] I think I'm also picking carry loop

[00:41:54] at the corner of the bar

[00:41:56] stepping on the sticky floor sticky floor

[00:41:59] alright that is another game

[00:42:03] of who'd you rather we're going to take

[00:42:05] a quick break and come back and talk

[00:42:07] a little automation

[00:42:11] alright Chad Waymo and Uber

[00:42:13] technically Uber eats are teaming up

[00:42:15] to launch automated Uber eats in

[00:42:17] Waymo's Phoenix service area customers

[00:42:20] can opt for a robot delivery

[00:42:22] from select merchants though they'll

[00:42:24] need to meet the vehicle outside

[00:42:26] to collect their order no word yet

[00:42:29] if Chipotle is participating in this

[00:42:32] in this test market but

[00:42:35] we'll let you know when we find out

[00:42:37] Chad what are your thoughts on Waymo's

[00:42:39] marriage with Uber eats I think

[00:42:42] Waymo is definitely not

[00:42:44] the product for this I mean they

[00:42:46] they're also partnering with serve

[00:42:48] robotics which is one of those you know

[00:42:50] the smaller

[00:42:52] robots and go down the sidewalk yeah

[00:42:54] see those in cities I don't see

[00:42:56] those like you know in rural areas

[00:42:58] where they can get beat up by you know

[00:43:00] baseball bats and shit like that but

[00:43:02] there's also Nuro and you are

[00:43:05] oh these are autonomous vehicles that

[00:43:08] are really they're built for this

[00:43:11] the Waymo cars are literally just

[00:43:13] built for humans to be inside so

[00:43:15] they're great for taxis but in this

[00:43:17] case I think the Nuro and the

[00:43:20] little sidewalk robot or probably the

[00:43:23] smart way to go and maybe I don't know

[00:43:25] what we'll see some evolution of this

[00:43:27] but I think this is this is really

[00:43:29] interesting the big question is do you

[00:43:31] care because you currently get stuff

[00:43:33] that's delivered to right to your

[00:43:35] doorstep and all you have to do is go

[00:43:37] out somebody delivers it to you take

[00:43:39] it's lovely but this one you got to

[00:43:41] go out to the you got to put your

[00:43:43] shoes on you got to go out to the

[00:43:45] doorstep and you know this sounds

[00:43:47] fucking lazy but you got to do all those

[00:43:49] things open the door it should be in

[00:43:51] the trunk right so they're pop the trunk

[00:43:53] you get the food out of the trunk you

[00:43:55] close the trunk and then you go back

[00:43:57] in is this something that you you

[00:43:59] think you're going to do or you're

[00:44:01] just going to insure I don't have a

[00:44:03] buffet heat light in the trunk if

[00:44:05] they're keeping my food warm or not

[00:44:07] by the way Chad if it's if there's

[00:44:09] a barbacoa bowl in that trunk I'm

[00:44:11] I'm walking through a snake pit and

[00:44:13] to get my barbacoa bowl

[00:44:15] interestingly all Australia

[00:44:17] just yeah and if there's some if

[00:44:19] there's a blooming onion in there god

[00:44:21] damn it I'm fighting off

[00:44:23] I'm fighting off Vikings

[00:44:25] and Roman soldiers

[00:44:27] but we're going to be in

[00:44:29] Phoenix next week for the

[00:44:31] the paradox analyst meeting

[00:44:33] and and I'm going to try

[00:44:35] this out I'm going to download Waymo

[00:44:37] I'm gonna be like take me to in and out

[00:44:39] so I'm gonna try the taxi service

[00:44:41] out the people have

[00:44:43] tried it that I've talked to really

[00:44:45] love it oh yeah so

[00:44:47] why not deliver food as part

[00:44:49] of all you've already downloaded the app is our

[00:44:51] YouTube viewers can see

[00:44:53] check that out at youtube.com

[00:44:55] slash at Chad cheese anyway

[00:44:57] I'm a fan dude now I feel

[00:44:59] I feel kind of bad

[00:45:01] so now there's an employee that's going to have to go

[00:45:03] take the food out to the car

[00:45:05] whereas today like door dash goes

[00:45:07] into the restaurant and then takes

[00:45:09] so some to pick it up some poor slob

[00:45:11] flipping burgers is going to have to

[00:45:13] go out to the way

[00:45:15] mo and put the food in

[00:45:17] and then say like go and then yes

[00:45:19] I'm gonna have to go get it now the good thing

[00:45:21] is the tips are refunded

[00:45:23] if you choose the way mo so I think as

[00:45:25] a consumer more people than

[00:45:27] not will choose to have to go out

[00:45:29] to the street then

[00:45:31] pay the tip now that's in my

[00:45:33] suburb area if I live in a

[00:45:35] 50 story building I may not want to go down

[00:45:37] and get my food but for the suburbs baby

[00:45:39] bring my barbaco

[00:45:41] bowl get the buffet heating light

[00:45:43] I'm hungry

[00:45:45] wow

[00:45:47] look at you you made it through an entire

[00:45:49] episode of the Chad and Chase podcast

[00:45:51] or maybe you cheated

[00:45:53] and fast forwarded to the end

[00:45:55] either way there's no doubt

[00:45:57] you wish you had that time back

[00:45:59] valuable time you could

[00:46:01] have used to buy a nutritious meal

[00:46:03] and Taco Bell enjoy

[00:46:05] a pour of your favorite whiskey

[00:46:07] or just watch

[00:46:09] big booty Latinas and bug fights

[00:46:11] on tiktok

[00:46:13] no you hung out with these

[00:46:15] two chuggle heads instead

[00:46:17] now go take a shower

[00:46:19] and wash off all the guilt

[00:46:21] but save some soap because

[00:46:23] you'll be back

[00:46:25] like an awful train wreck

[00:46:27] you can't look away

[00:46:29] and like Chad's favorite western

[00:46:31] you can't quit them

[00:46:33] either

[00:46:35] we out