LinkedIn’s Irish workforce braces for cuts as company to lose 960 jobs globally
Posted on 21st July 2020 at 18:03
Pandemic impact will see 6% of global workforce leave the company
LinkedIn’s Irish workforce was preparing itself for cuts as the professional networking site said it would trim its global workforce by 6 per cent.
The professional networking site is to shed 960 jobs as the coronavirus pandemic is having a sustained impact on demand for its recruitment products.
Jobs will be cut across sales and hiring divisions of the group globally. Announcing the plan in a message posted on LinkedIn’s website, chief executive Ryan Roslansky confirmed that Ireland would be affected, saying consultations had begin about the potential impact.
It has not yet been confirmed how many roles will be cut in Ireland. Last year, LinkedIn said it would create an additional 800 jobs in Ireland by the middle of 2020, bringing its total workforce to 2,000.
“I want you to know these are the only layoffs we are planning,” Mr Roslansky said in his message.
Microsoft-owned LinkedIn helps employers assess a candidate’s suitability for a role and employees use the platform to find new job. As lockdowns to contain the coronavirus have hit businesses around the world, LinkedIn’s business has been hit as companies lay off staff or sharply curtail hiring.
LinkedIn said employees affected by its job cuts will be informed this week and they will start receiving invitations in the next few hours to meetings to learn more about next steps.
“If you don’t receive a meeting invite, you are not directly impacted by this change,” Mr Roslansky said.
Affected staff would be able to keep company-issued cell phones, laptops, and recently purchased equipment to help them work from home while making career transitions, he said. LinkedIn will 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. – Additional reporting: Reuters
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