LinkedIn's business has been hit as companies lay off staff or sharply curtail hiring.
/ Source: Reuters
By Reuters
Microsoft's
professional networking site LinkedIn said on Tuesday it would cut
about
960 jobs, or 6 percent of its global workforce, as the coronavirus
pandemic is having a sustained impact on demand for its recruitment
products.
California-based LinkedIn helps
employers assess a candidate's suitability for a role and employees use
the platform to find new job.
Jobs
will be cut across sales and hiring divisions of the group globally.
Announcing the plan in a message posted on LinkedIn's website, Chief
Executive Ryan Roslansky said the company would provide at least 10
weeks of severance pay as well as health insurance for a year for U.S.
employees, and will hire for newly created roles from laid-off staff.
"I
want you to know these are the only layoffs we are planning," Roslansky
said in his message. Affected staff, who have not yet been told, would
be able to keep company-issued cell phones, laptops, and recently
purchased equipment to help them work from home while making career
transitions, he said.
As
lockdowns to contain the coronavirus have hit businesses around the
world, LinkedIn's business has been hit as companies lay off staff or
sharply curtail hiring.
LinkedIn said
employees affected by its job cuts will be informed this week and they
will start receiving invitations in the next few hours to meetings to
learn more about next steps.
"If you don't receive a meeting invite, you are not directly impacted by this change," Roslansky said.
No comments:
Post a Comment