It's the kind of letter you don't want to send or receive:

"First, on behalf of the entire Simply Hired team I would like to thank you for your partnership. We have appreciated working with you and your clients.  I am writing you to let you know that the Company is in the process of ceasing operations and winding down and, as a result, the Job Sponsorship Program will be discontinued 30-days from this notice, or on June 26th, 2016. We greatly appreciate the partnership we've had with your company and regret that we will not be able to continue working with you. We would be happy to set up a call at your earliest convenience to discuss your options."

In case you haven't figured it out, SimplyHired is going to the great aggregator graveyard. As Todd Raphael said in ERE.net, "Pieces of the company/technology will be acquired...Employees are apparently facing an uncertain future and aren’t included in the parts being taken over." Yes, after tens of millions of investment dollars and a fairly recent management upheaval, SimplyHired is throwing in the towel.

Why? Well, I have no inside knowledge (although judging from the massive amount of email I received this weekend, folks think I do!). But I am willing to bet these were all factors:

  • Since its inception, SimplyHired has always played second fiddle to Indeed. For a while, it offered more features and functions than its larger competitor - but that advantage has faded in recent years. So I suspect clients looked at the two - and chose Indeed for its significantly larger traffic numbers.
  • A management overhaul a few years ago brought a new logo - but little else. Although much of the sales staff was purged, the new salespeople were unable to pull SimplyHired out of 2nd place.
  • In the meantime, other competitors have emerged - including Jobs2Careers, Jobrapido, and Beyond. Then there is AppCast, RealMatch, and - well, you get the picture.

It's always frustrating to see a company that has done good things and delivered for its clients lose its edge. Sometimes they manage to muddle through and make a comeback (Monster, perhaps?) - but more often, the money runs out and the employees find themselves on the other side of the online recruiting machine.

I hope you never have to write and send a letter like the one above. To all of the SimplyHired folks out there looking for their next gig - good luck! The positive news for you is that our industry is booming - even if SimplyHired isn't.

Views: 506

Comment by Matt Charney on June 1, 2016 at 2:37pm

Guess Elevated Careers just couldn't make this an everlasting love. In all seriousness though given that Google Capital is one of Glassdoor's largest equity investors, this doesn't really bode all that well for Indeed, either, given the fact that your argument is basically they lost because of traffic, which in this case just means they couldn't outspend Recruit on AdWords to take pole position.

Comment by TechHiring.com on June 3, 2016 at 11:03pm

Its not the original CEO and new one for past 3 yrs. had no exp. in the HR/Recruiting Tech. Industry. I would agree traffic did not kill them. I don't ever remember getting a sales call from a simply hired rep. ever. And we are talking about different business models with job postings to compare them as simply hired was a flat fee, indeed PPC?

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