LinkedIn to cut 960 jobs globally

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Professional networking company LinkedIn has announced they will be cutting 6% of their global workforce, amounting to approximately 960 employees.

According to The Irish Times, the cuts are likely to affect the Microsoft-owned company’s workforce in Ireland.

LinkedIn set up their international headquarters in Dublin in 2010 and last year announced that they would be increasing the number of employees in Dublin from 1,500 to 2,000 by this summer.

The impact of Covid-19 on recruitment has been blamed for the cuts.

In a statement on the company’s website, CEO Ryan Roslansky said “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.”

Prior to the pandemic, LinkedIn announced they had signed a lease with IPUT, Dublin’s largest office owners, for a new development in Wilton Park, which will become their European headquarters and is due for completion in 2023.

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Speaking of employees in Ireland, the UK and Australia, Mr Roslansky said they have “begun consultation about potential impacts to roles and we will continue to work through those locally.”

The statement also said that all affected employees would receive a minimum of 10 weeks’ severance pay and a six-month transition assistance to aid them in finding new jobs.

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