Downsizing: LinkedIn to cut 960 jobs

Staff would be able to keep company-issued cellphones, laptops

CALIFORNIA:

Microsoft Corp’s professional networking site LinkedIn on Tuesday said it would cut about 960 jobs, or 6% 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 US employees, and will hire for newly created roles from the laid-off staff. “I want you to know these are the only layoffs we are planning,” Roslansky said in his message. The affected staff, who have not yet been told, would be able to keep company-issued cellphones, laptops and recently purchased equipment to help them work from home while making career transitions, he said.

Published in The Express Tribune, July 22^nd, 2020.

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