LinkedIn is committed to helping 25 million people around the world learn new skills
Washington:
Professional social network LinkedIn said on Tuesday it was cutting 960 jobs, or 6% of its workforce, as the global pandemic hit demand for its paid recruiting services.
The COVID-19 outbreak “is having a lasting impact on hiring demand,” said Ryan Roslansky, managing director of the Microsoft-owned platform.
As a result, “there are roles that are no longer needed as we adjust to reduced demand in our internal recruiting and for our talent products globally.”
The move comes amid growing unemployment during the pandemic-induced economic crisis, even as many tech companies weathered the crisis and even boosted employment.
LinkedIn said it added new features to help job seekers and businesses during the pandemic, and made recruiting tools free for those battling the pandemic.
He also pledged to help 25 million people around the world learn new skills.
But LinkedIn’s Talent Solutions activity, which aims to help companies recruit, “continues to be impacted as fewer companies, including ours, have to hire at the same volume as before.”
LinkedIn will provide a minimum of 10 weeks severance pay and other benefits for laid-off employees, as well as help finding new jobs.
(With the exception of the title, this story was not edited by GalacticGaming staff and is published from a syndicated feed.)
