LinkedIn will cut approximately 960 jobs, or 6% of its employee base, as the coronavirus pandemic continues to impact demand for its recruitment products. It will combine its Learning Marketing Solutions and its Talent Solutions business into a single entity to eliminate the duplication of internal platforms, systems and tools.
CEO Ryan Roslansky announced the job cuts in a note to employees.
The cuts will be made across its global sales and talent acquisition organizations.
Roslansky stated LinkedIn’s Talent Solutions business continues to be impacted as fewer companies, including LinkedIn, need to hire at the same volume they did previously.
“We made each and every decision with compassion, pledging to help impacted employees look for other roles within the company, build new skills and land on their feet if they no longer have a role at LinkedIn,” Roslansky wrote.
Assistance includes minimum 10 weeks’ severance pay, immigration support and career transition assistance.
“To continue adapting and accelerating the company like we have been, we need to ensure we are focusing our efforts and resources against our most strategic priorities to set up the company for success today — and well into the future,” Roslansky wrote. “When we took a hard look at the business, we decided we needed to make some hard calls.”
This story has been corrected from an earlier version.