Mubasher: LinkedIn announced its plan to cut 6% of its global workforce, about 960 jobs, across the group’s sales and hiring divisions, as the coronavirus (COVID-19) pandemic is putting the brakes on corporate hiring, Reuters reported on Tuesday.
The company will provide at least 10 weeks of severance pay in addition to health insurance for one year for US employees, and will hire for newly-created roles from laid-off staff, said LinkedIn’s CEO, Ryan Roslansky.
“I want you to know these are the only layoffs we are planning. Affected staff, who has 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,” Roslansky continued.
LinkedIn’s business has been affected as companies lay off staff or sharply curtail hiring as a result of the lockdowns imposed to contain COVID-19.
Moreover, LinkedIn will inform employees affected by its job cuts this week, the statement noted, adding that 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 added.
The California-based LinkedIn is Microsoft Corp’s professional networking site that helps employers assess a candidate’s suitability for a role and employees use the platform to find new jobs.