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LinkedIn to cut 960 jobs as coronavirus slows hiring

LinkedIn to cut 960 jobs as coronavirus slows hiring
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LinkedIn will be cutting 960 jobs, or 6 percent of its employee base, because of the coronavirus pandemic, CEO Ryan Roslansky said Monday. 

“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,” Rolansky said in a message posted to the platform

The job cuts will be made across global sales and talent acquisition organizations, he said.

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Employees affected by the cuts will be notified within the next 24 hours, he said in the Monday statement. Employees who are let go within North America will stay with the company through Aug. 21. 

Roslansky said the company will provide a minimum of 10 weeks severance pay to laid-off employees, as well as 12 months of continuing health insurance through COBRA to employees in the U.S. 

He also said the company will work with employees who were cut to hire for newly-created roles across the company.