Professional Social Media Platform LinkedIn lays off

LinkedIn

Due to COVID-19 Professional networking site, LinkedIn lays off 960 employee

Microsoft owned professional networking site LinkedIn lays of 6% of its workforce, around the world.

The move, the organization stated, is being taken because of the effect of the novel coronavirus (COVID-19) pandemic.

Coronavirus has just affected a large number of jobs at other companies and business-like OYO Rooms, Uber, Ola, Swiggy, and Zomato.

According to company demand for its product is down

In the recent post LinkedIn shared the information by stating

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. 

LinkedIn CEO Ryan Roslansky

Like other social media, LinkedIn also depends on its ad income and other products like hiring.

Facts About LinkedIn

  • 660 million LinkedIn users, spread over 200 countries, till 2019.
  • The United States has the most active users followed by India and China.
  • Over 30 Million companies are on LinkedIn.
  • 57% of member are male and 43% are female
  • 130,000 articles are published weekly.
  • 20 million jobs listed on LinkedIn.

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