Microsoft Corporation’s professional networking site LinkedIn in a fresh announcement on Tuesday said it would cut about 960 jobs, or 6% of its global workforce, 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 said the company would provide at least 10 weeks of severance pay as well as health insurance for a year for U.S. employees, and will hire for newly-created roles from laid-off staff.
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.
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