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LinkedIn is laying off nearly 700 employees
(www.npr.org)
It's LinkedIn, I find it hard to believe they even need 700 plus employees.
A lot of these large over employed places don't hire for the extra Labor. They hire because it's a way to prevent competition. Why would an employee leave to join a competitor or create a competing start up company if he's being paid well to do next to nothing?
The only problem is that's only financially viable when interest rates are low and investors are willing to give out cash like it's candy.
Err maybe I'm just not seeing it... but nearly 700 out of how many? It makes a big difference if it was 700/1000 vs. 700/10,000.
How the fuck does that company have 19000 global employees. Even if they had a presence in every country, thats like 100 employees each.
Likely the majority of their staff is sales, marketing, account managers and management.
Tremendous of you, friend! Much more informative article in general, actually-- Also good to know that the layoffs are related to winding down operations in China.
I had to tell a job lead (not via linkdin) that I don't frequent the site and please contact me directly. They did, it was like we never needed it. I freelanced most of my work and I never got a gig from a job website/social media platform.
Someone I know online had a coworker that offered to fluff up my resume. First thing she asked "What's your LinkedIn?" I don't have one and don't intend to have one. "Well there's nothing I can really do if you don't have a LinkedIn. Nobody will hire you without one."
I'll work for Nobody in that case. Probably a better employer than one that is so lazy they can't even hire without a bullshit website telling them exactly what's already on my resume.
This is the best summary I could come up with:
The Microsoft-owned social media platform LinkedIn is laying off nearly 700 employees, it said in a statement Monday.
About 668 positions across the company's engineering, product, talent and finance departments will be eliminated.
"We are committed to providing our full support to all impacted employees during this transition and ensuring that they are treated with care and respect," LinkedIn said.
Website membership also grew for the past eight quarters to more than 950 million accounts.
Microsoft CEO Satya Nadella said at the time the company is "seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one."
There have been mass layoffs across the tech industry, including at Amazon, Google and Meta.
The original article contains 217 words, the summary contains 126 words. Saved 42%. I'm a bot and I'm open source!
So what's the updated tally for total MSFT layoffs so far?
this post was submitted on 17 Oct 2023
116 points (93.9% liked)
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