LinkedIn axes 960 jobs as recruitment demand falls

Microsoft-owned company is laying off 6% of its global workforce as firms hire fewer staff during the coronavirus pandemic

Microsoft-owned LinkedIn has announced plans to axe 960 jobs, approximately 6% of its global workforce, as firms recruit fewer staff amid the coronavirus pandemic.

In a notice posted publicly on the professional networking website, LinkedIn CEO Ryan Roslansky said that the company "is not immune to the effects of the global pandemic", adding that LinkedIn has taken a hit "as fewer companies, including ours, need to hire at the same volume they did previously."

Rolansky, who took over as LinkedIn CEO in June after previously holding a senior vice president role, confirmed that jobs will be cut across sales and hiring divisions of the group globally.

While staff in the US have not yet been made aware of the cuts, he noted that employees in the UK and Ireland have have begun consultation about potential impacts to roles.

“I want you to know these are the only layoffs we are planning,” Roslansky said in his message. "While this decision will help us ensure that our company and platform are resilient and emerge stronger to reach our vision, there is simply no harder decision to make as a CEO."

Those affected by the layoffs will be able to keep company-issued smartphones, laptops, and recently purchased equipment to help them work from home while making career transitions, he said.

Laid-off staff will also be offered a minimum of 10 weeks of severance pay and career transition assistance in the form of 1:1 coaching, workshops, and LinkedIn Learning courses on interview prep, compensation fundamentals, job search strategies, and integrating into a new role.

"To our teammates who are leaving: I deeply thank you for the positive impact you’ve made. Your time and effort have been critical to helping manifest LinkedIn’s vision," Rolansky added.

"Please know these changes aren't a reflection on you or your work at LinkedIn, but rather, the result of strategic changes we are making to accelerate the vision of the company. You’ve played an important role in building LinkedIn, and I am truly grateful."

LinkedIn isn't the only company to feel the effects on the ongoing pandemic. Back in May, IBM laid off "thousands" of staff across multiple divisions, and reports claim Oracle is preparing to axe up to 1,300 employees.

Featured Resources

Become a digital service provider

How to transform your business from network core to edge

Download now

Optimal business results with the cloud

Evaluating the best approaches to hybrid cloud adoption

Download now

Virtualisation that enables choices, not compromises

Harness the virtualisation technology that's right for your hybrid infrastructure

Download now

Email security threat report 2020

Four key trends from spear fishing to credentials theft

Download now

Recommended

Hackers using COVID vaccine as a lure to spread malware
hacking

Hackers using COVID vaccine as a lure to spread malware

15 Jan 2021
Website problems slow coronavirus vaccine rollout
hacking

Website problems slow coronavirus vaccine rollout

6 Jan 2021
Upskilling a remote workforce
training

Upskilling a remote workforce

15 Dec 2020
The IT Pro Podcast: The power of disinformation
social media

The IT Pro Podcast: The power of disinformation

11 Dec 2020

Most Popular

How to recover deleted emails in Gmail
email delivery

How to recover deleted emails in Gmail

6 Jan 2021
The fate of Parler exposes the reality of deregulated social media
Policy & legislation

The fate of Parler exposes the reality of deregulated social media

14 Jan 2021
Should IT departments to call time on WhatsApp?
communications

Should IT departments to call time on WhatsApp?

15 Jan 2021