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LinkedIn announces job cuts as pandemic disrupts overall hiring by other companies

Woman holding a smartphone with linkedin logo
Posted at 11:16 AM, Jul 22, 2020
and last updated 2020-07-22 14:16:16-04

LinkedIn announced Monday that it plans to cut about 6% of its employees, or about 960 jobs.

In a note to employees that was posted on the company’s website, CEO Ryan Roslansky said the Sunnyvale, California-based professional networking site — owned by Microsoft Corp. — was feeling the effects of the Covid-19 pandemic on overall hiring by businesses.

Governments across the world have locked down their economies, restricting all but the most essential businesses, in an effort to limit the spread of the novel coronavirus that causes Covid-19.

“LinkedIn is not immune to the effects of the global pandemic,” Roslansky wrote. “Our Talent Solutions business continues to be impacted as fewer companies, including ours, need to hire at the same volume they did previously.”

Read more from the Phoenix Business Journal.