LinkedIn cuts 960 jobs, puts brake on corporate hiring

While the COVID-19 pandemic has increased the demand for job search on LinkedIn, the firm itself has planned to cut 960 jobs. A meeting invite will be sent to employees if they are included in the layoffs. Employees can keep the firm’s equipment during WFH while making a career transition. Affected employees will get 10 weeks severance pay; can keep health insurance for a year. In future, the firm will also hire for newly-created roles from laid-off staff.

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