NEW YORK (AP) – LinkedIn is laying off nearly 1,000 employees, roughly 6% of its workforce globally, with unemployment in the US exceeding 13% and national economies from Europe and Asia to the Americas, decreasing due to pandemic.
The outbreak has disrupted trade globally, shutting down thousands of businesses while forcing others to suspend large numbers of employees while waiting for a recovery. Recruitment has decreased dramatically.
The number of people applying for unemployment aid has remained stubbornly high in recent weeks, a sign that many companies are still losing jobs and clouding job prospects.
The overall unemployment rate in the United States in May was 13.3%, a decrease of 14.7% in April, according to the Labor Department.
In a note to employees on the professional networking site, CEO Ryan Roslansky said the job cuts will affect global sales and the company’s hiring sections. He said no more layoffs are planned.
LinkedIn employees in the US will receive at least 10 weeks of severance pay and one year of continuous health coverage through COBRA. The dismissed will continue in their functions until August 21.
The company, which is owned by my Microsoft, is headquartered in Sunnyvale, California.
