The Professional networking website, LinkedIn, bowed to the coronavirus pandemic as it plans to cut 960 jobs across its Global Sales and Talent Acquisition organizations.
LinkedIn is cutting 960 jobs as the pandemic puts the brakes on corporate hiring https://t.co/pFIcqnSxNZ— Business Insider (@businessinsider) July 21, 2020
LinkedIn is a platform used by employees to find a new job and helps companies find candidates' suitability in line with the job description employers’ have provided. The pandemic takes a toll on the company’s job market that led to its Chief Executive Officer Ryan Roslansky to break the news through his LinkedIn account, the company’s plan to cut jobs on its sales and hiring divisions. As the CEO said, LinkedIn is not immune to the effects of the global pandemic. The California-based company will provide at least 10 weeks of severance pay as well as health insurance for a year for U.S. employees.
These are the only layoffs that the company is planning and will hire for newly-created roles from laid-off staff.
As the virus continues to spread and challenge the economy, Roslansky is confident that the company, with its bold vision, will emerge more resilient and stronger than ever amidst these painful and difficult decisions the organization is going through.