Indeed, The Collapse Will Be Epic! MORE FUNDING... and Millennials


If you thought an upcoming holiday weekend would mean a slow week in the recruiting industry, then you're gravely mistaken, kiddies. Chad & Cheese bring da noise and da funk on a episode featuring:

- Indeed sets up for an EPIC collapse

- Phenom People gets PAID

- Vervoe gets PAID

- Debut.Careers gets PAID

- Job.com gets Blockchain? Really?

- Microsoft teases their Indeed killer

- Do you really the degree and debt?

and Millennials getting smacked around by their Boomer parents.

Enjoy, and visit our sponsors: America's Job Exchange, JobAdX and Sovren.

PODCAST TRANSCRIPTION:

Announcer: Hide your kids. Lock the doors. You're listening to HR's most dangerous podcast. Chad Sowash and Joel Cheesman are here to punch the recruiting industry right where it hurts. Complete with breaking news, brash opinion, and loads of snark. Buckle up, boys and girls. It's time for the Chad and Cheese Podcast.

Joel: Welcome to the birthday edition of the Chad and Cheese Podcast. More on that in a second. I'm Joel Cheesman.

Chad: And I am Chad Sowash.

Joel: On this week's vomitous episode. That's vomitous. Indeed says, here we grow again. Millennials still suck, and so much cash is being handed out to TA tech start-ups that Oprah would be impressed. Your check is probably in the mail as I speak.

Chad: You get funding. You get funding. You get funding.

Joel: Stay tuned.

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Chad: Every time I hear that ad, it makes me crave Guinness.

Joel: She's English, dude. Not Irish.

Chad: It doesn't matter. They brought Guinness to our interview.

Joel: That's true. Okay, now I'm with you. Now I'm with you. So, literally as the ad was playing, a news release came across my phone.

Chad: Mm-hmm (affirmative).

Joel: Hcareers, owned by DHI Group. Owners of Dice and a few other ones, has sold to Virgil Holdings. I've never heard of. So, here's the quickie release here. Virgil Holdings recently announced it has acquired Hcareers, the premier North American recruiting brand and platform in the hospitality sector from DHI group. The investment serves as a growth engine to expand Hcareers' capabilities as the next generation blah blah blah.

Joel: So, we can go on with the show, but that just came across. I thought I'd mention it.

Chad: Yeah, Dice selling off their shit. There's going to be more of that, right?

Joel: Yes. New CEO. I'm sure his first order of business is to dump all the fat from the organization.

Joel: So happy birthday. I wanted to get to that real quick. A few people know this.

Chad and I born in the same year, one day apart. Him on the 27th, me on the 28th, which makes him always older than me which I like, but we're both celebrating birthdays this weekend. So happy birthday, dude.

Chad: Well happy birthday, and, older, yes, but also wiser, of course.

Joel: And more follically challenged as always.

Chad: That's just all the testosterone.

Joel: And it's the Indy 500. It's a big weekend here in Indianapolis.

Chad: It is, it is.

Joel: Memorial Day.

Chad: I've got seven tons of rock in my driveway that need to make it to the back for landscaping for a high school graduation that's gonna be coming up here in about a week or so. So, I've got shit to do around the house as well.

Joel: Do you include the two pounds of rock in your head when you count the weightage of that?

Chad: Oh, no. I don't count that at all.

Joel: Let's get to shout outs.

Chad: Shout outs. First shout out goes to Chris Curran from the Podcast Engineering School.

Joel: The Podcast Engineering School?

Chad: Yeah, dude. Yeah, no shit. This is a guy and go figure because I've had a ton of people actually reach out to me and say, hey, you guys do a pretty clean ... sounds good podcast. What do you use? Well, Chris, that's what he does for a living. So, if you're interested in podcasting and not really sure what to do and how to do it, just visit podcastengineeringschool.com. There are a ton of podcasts and whatnot and he actually featured me on this week's Podcast Engineering School.

Chad: I've got a radio background, but still I'm an amateur when it comes to this stuff. So, if you're thinking about it and you wanna throw a pod out there, we had our stumbles and found a couple holes to drop into here and there. Do your research. Do your research and check these guys out.

Joel: You can also just pay Chad and I to teach you how to do it. We'll accept checks right now as well. You wanna save yourself from the pitfalls that we had. I got a shout out to my Ratedly webinar attendees. Ratedly, as we mention a lot, had a webinar yesterday about the Glassdoor and Indeed marriage. Had about a hundred plus sign ups, so it was a good show. So, thanks to everyone who showed up. It was a good showing.

Chad: Very nice, very nice. Those two just snuggling up. Kuba from Microsoft reached out and said he just found the podcast and is gonna be binging this entire weekend. So, Kuba, just crack open a cold one and let the knowledge flow, man.

Joel: We get a lot of bingers. A lot of people mention, yeah, I just binged all the episodes this weekend. That's very odd to me, but hey, if we're in the same category as Orange is the New Black and House of Cards, then so be it. I got a shout out to Kelsey Gee I hope I'm saying that correctly. It's either Ghee or Gee. A reporter for the Wall Street Journal is a fan.

Chad: Oh, nice.

Joel: So, Kelsey, we appreciate you tuning in. Love it.

Chad: Keep listening, Kelsey. Ed from Philly. He's loving the Firing Squad. Here's from Twitter,

, "Really hammering their guests on Firing Squad." That's right Ed.

Joel: That's right. Suckas beware. I got a shout out to Omer I hope I said that correctly.

Chad: Oh, yeah.

Joel: His company is in the news, but I wanted to just give him a shout out as the first ever Firing Squad guest. He's seeing some success there. His company, which we'll talk about later, but long-time fan, first-time victim. Omer, thanks. Shout out to you.

Chad: Love him. Ivan Vega gets a shout out for tagging us or maybe he was just trolling us on LinkedIn, I don't know. Anyway, all these damn lists that are coming out. Top five podcasts, top five bloggers, influential people, all this other bullshit, but anyway there was one that was top five great recruitment marketing podcasts. We weren't listed on it, so he was sad that we weren't on it, but Ivan, we weren't listed because it wasn't the top five badass podcasts, which we would've probably had the top three positions at least.

Chad: Firing Squad, our exclusive podcast, and our weekly podcast. Not to mention I'm gonna tease this. We didn't talk about this, but stay tuned because here in about a month or so, a new segment's gonna be coming out called, "The Shred."

Joel: Nice little tease there. I like that. How are we not mentioned on these top lists for podcasts? One, there aren't that many. Two, we're awesome, but three, no one is cranking out content like we are. We're just churning this stuff out. Anyway, F-you if we're not on your best podcast and HR lists as far as I'm concerned. You ready to get to this or you got more shout outs?

Chad: Let's do this.

Joel: All right. Here we grow again.

Chad: Oh, Jesus.

Joel: Indeed announcing this week they're gonna be hiring 3,000 new employees as well as adding two new locations in the Austin, Texas area, which is where they call home.

Chad: Yeah.

Joel: I say this is pretty cocky considering Google's knocking at your door.

Chad: Yeah. Shoot, I see this as show of strength. We've got the money and we might as well use it to be able start trying to fortify and that's with a ton of salespeople, engineers, so on so forth, but Indeed has a quadrupled global headcount in the last three years alone. So, this addition ... they've just been growing on a steady pace. The thing is throughout that growth before, they didn't have a Google for Jobs, Facebook, and Microsoft/LinkedIn looking down the barrel at them.

Joel: Mm-hmm (affirmative). To me the hires are one thing but the expansion in terms of real estate is really ballsy. Apparently the total of square footage is 615,000. Apparently, this is in the quote, "block 71" area of Austin. I don't know what that means, but it's apparently really cool, high priced, upper scale type area for commercial real estate. So yeah, they're making some pretty big bets. I hope that their product can cash the checks that their real estate investments are buying.