Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
July 21, 2020 03:24 pm

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

Microsoft's professional networking site LinkedIn said on Tuesday 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. From a report: 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.

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/26l5Owr_r0c/linkedin-cuts-960-jobs-as-pandemic-puts-the-brakes-on-corporate-hiring

Share this article:    Share on Facebook
View Full Article

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot