LinkedIn to lay off 6% of global workforce

The company made the announcement after demand for its recruitment products has been affected by the COVID-19 pandemic.
By: | July 22, 2020
Topics: Covid-19 | Job Cuts | News

LinkedIn is laying off 960 staff or 6% of its global workforce to bolster the impact of the COVID-19 pandemic on the company.

CEO Ryan Roslansky announced on July 21 that the jobs will be cut across the group’s sales and hiring divisions globally.

“I want you to know these are the only layoffs we are planning. 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,” Roslansky said.

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Roslansky added that the company would provide at least 10 weeks of severance pay as well as health insurance for a year for US employees, and will hire for newly-created roles from laid-off staff.

LinkedIn has also created a six-month offering called Momentum to help employees find new jobs.

Affected staff, who have not yet been told, would be able to keep company-issued cell phones, laptops, and recently purchased equipment to help them work from home while making career transitions.