MAY 10, 2023 — 716 EMPLOYEES TO LOSE THEIR JOBS
The company has announced, "With the market and customer demand fluctuating more, and to serve emerging and growth markets more effectively, we are expanding the use of vendors." In addition, the company will be withdrawing from the China market.
LinkedIn Corporate Communications…
Last week, we celebrated our 20th birthday by reflecting on the pride we all feel in the company we’ve built, and looking forward to the opportunity and responsibility we have in front of us. Over the years we've had to make hard decisions to ensure we were setting the company up to deliver on our vision, and I'm sharing one of those decisions today. As we guide LinkedIn through this rapidly changing landscape, we are making changes to our Global Business Organization (GBO) and our China strategy that will result in a reduction of roles for 716 employees.
Our colleagues who are impacted by this announcement have all made invaluable contributions to our company. I want to recognize the impact this decision has on the lives of those individuals. And I want all of you to know that the entire leadership team and I are dedicated to helping our colleagues during this transition and ensuring that they are treated with the care and respect they deserve.
AUGUST 15, 2022 — RESTRUCTURING AND LAYOFFS
“LinkedIn has laid off all the employees on the professional social network's global events marketing team amid continued economic uncertainty.
According to Chuck Jones, senior event marketing manager, "In a difficult turn of events, my entire team was laid off today at LinkedIn (our collective last day is September 9).”
JULY 30, 2020 — Original post…
Sunnyvale, California-based LinkedIn, the employment-related social media/networking platform owned by Microsoft, has announced a major reduction in force. Approximately six percent of their workforce, 960 employees, will be impacted.
According to CEO Ryan Roslansky...
"We are entering our new fiscal year with a greater sense of urgency than ever to stay ahead of the paradigm shifts our members are facing. Everywhere, people are adapting to new ways of staying connected, learning, networking, selling, hiring, and finding work. We got ahead of this shift in March and moved with speed to adapt and innovate. We added many new features to our products and even launched new products like virtual events, #OpenToWork, and virtual interview feedback. We used our platform to showcase trusted news & voices, made our recruitment tools free for those fighting the pandemic, and pledged to help 25 million people worldwide acquire the skills they need for free."
”And thanks to all of you and your hard work, we are seeing that sense of urgency and innovation reflected in strong member engagement, record numbers of hours spent learning on the platform, and in the continued momentum across Marketing Solutions, Premium, Learning Solutions, and Sales Solutions.”
”However, 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.”
”to continue adapting and accelerating the company as we have been, we need to ensure we are focusing our efforts and resources against our most strategic priorities to set up the company for success today—and well into the future. When we took a hard look at the business, we decided we needed to make some hard calls.”
”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.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?