Since the thirty-first of March this year, a job posted to Indeed through a connected applicant tracking system appears only when it is sponsored.
That is the whole story, and almost nobody treated it as news, because it did not arrive as news. There was no price rise to be angry about. There was a change to the posting rules.
Alongside it, a free post made directly loses visibility quickly and stops showing after thirty days. Put the two together and the unpaid route from your requisition to a candidate’s screen was closed in March. Not throttled. Closed.