LinkedIn To Cut 6% Of Staff With Companies Hiring Less Workers

LinkedIn CEO Ryan Roslansky sent a note to employees which stated in part, "LinkedIn is not immune to the effects of the global pandemic. Our Talent Solutions business continues to be impacted as fewer companies, including ours, need to hire at the same volume they did previously. Normally, we would have rolled out our annual plan at the end of June.

But as I've shared at the Company All Hands, this year we've been taking our time to get the FY21 plan right given the changing dynamics around us.

And in advance of sharing the entire plan, I want to focus today specifically on the most challenging decision we've made to move forward with our strategy...

After weeks of discussion and deliberation, the executive team and I have made the extremely difficult decision to reduce approximately 960 roles, or about 6 percent of our employee base, across our Global Sales and Talent Acquisition organizations. I'm sharing this news today so that everyone has the complete picture of these changes and why we are making them, and I want you to know these are the only layoffs we are planning." LinkedIn is a division of Microsoft (MSFT).