LinkedIn to cut 960 jobs amid coronavirus pandemic

Business networking site LinkedIn – owned by Microsoft, will cut about 960 jobs worldwide amid the coronavirus pandemic.
LinkedIn job IndiaThe job cut will affect about 6 percent of the company’s workforce across the globe, including India, the United States and the United Kingdom.

Microsoft earlier announced there will be job reduction at the software company as well.
LinkedIn CEO Ryan Roslansky in a message said these were the only layoffs the firm was planning. Microsoft-owned LinkedIn has offices in more than 30 cities around the world and employs 16,000 people.

The firm, which is based in California, is used by employers to find suitable candidates for jobs and by employees to search for new jobs.

“Our Talent Solutions business continues to be impacted as fewer companies, including ours, need to hire at the same volume they did previously,” Ryan Roslansky said.

The job cuts are being made in the group’s global sales and hiring divisions.

Ryan Roslansky said employees in Ireland, the UK, and Australia had begun consultation about the potential impact on their jobs.

Staff in other parts of the world would find out about the impact on them over the coming days and months.

LinkedIn would be investing in other parts of the business which would result in some job creation. The US-based firm would work with employees impacted by today’s announcement to explore these opportunities.