Thursday, July 23, 2020

"LinkedIn cuts 960 jobs as pandemic puts the brakes on corporate hiring"

Interesting metric eh wot?
From Reuters:
Microsoft Corp’s (MSFT.O) 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.

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.  ...

Never really cared for LinkedIn, it just seemed odd.
And then when MSFT bought 'em, hoovering up all that really personal information, well....