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LinkedIn Cuts 960 Jobs as Pandemic Puts the Brakes on Corporate Hiring

LinkedIn Cuts 960 Jobs as Pandemic Puts the Brakes on Corporate Hiring

Microsoft’s skilled networking web site LinkedIn mentioned on Tuesday it could lower about 960 jobs, or 6 % of its international workforce, because the coronavirus pandemic is having a sustained impression on demand for its recruitment merchandise.

California-based LinkedIn helps employers assess a candidate’s suitability for a task and staff use the platform to search out new job.

Jobs might be lower throughout gross sales and hiring divisions of the group globally. Announcing the plan in a message posted on LinkedIn’s web site, Chief Executive Ryan Roslansky mentioned the corporate would supply at the very least 10 weeks of severance pay in addition to medical insurance for a yr for US staffand can rent for newly-created roles from laid-off employees.

“I want you to know these are the only layoffs we are planning,” Roslansky mentioned in his message. Affected employees, who haven’t but been instructed, would be capable of preserve company-issued cell telephones, laptops, and lately bought tools to assist them earn a living from home whereas making profession transitions, he mentioned.

As lockdowns to include the coronavirus have hit companies world wide, LinkedIn’s enterprise has been hit as corporations lay off employees or sharply curtail hiring.

LinkedIn mentioned staff affected by its job cuts might be knowledgeable this week and they’re going to begin receiving invites within the subsequent few hours to conferences to study extra about subsequent steps.

“If you don’t receive a meeting invite, you are not directly impacted by this change,” Roslansky mentioned.

© Thomson Reuters 2020

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