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Microsoft-Owned LinkedIn Cuts 668 Jobs in Second Round of Layoffs This Year

17Oct

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Technology

Microsoft-Owned LinkedIn Cuts 668 Jobs in Second Round of Layoffs This Year

[ad_1] Microsoft Corp.'s LinkedIn is cutting about 668 roles across its engineering, product, talent and finance teams. These are the second such cuts this year as fewer companies use the hiring platform and corporate social network.LinkedIn is “continuing to invest in strategic priorities for our future and to ensure we continue to deliver value to our members,” the company said in a blog post Monday. We are now on WhatsApp. Click to join. As fewer employees look for new jobs and fewer companies hire, LinkedIn is facing less demand for its services. In May, the social network said it planned to shutter its Chinese jobs app and cut about 716 roles.Still, LinkedIn has grown under Microsoft, which acquired the professional network for $26.2 billion in 2016. The company said revenue from L...

Worried about AI-linked job losses? Apply for jobs via LinkedIn ‘AI Coach’ soon

[ad_1] Artificial intelligence is being blamed for numerous job losses, especially in recent times. Many have painted the scene entirely black as to the emergency jobs situation that is likely to be created soon, with millions of people expected to be sacked due to AI taking over their jobs. While that may be so, some companies are deploying AI to, well, allow workers to apply for jobs. LinkedIn, the renowned professional networking platform owned by Microsoft, which has long been recognized for its stellar role in job search and upskilling segments, is now taking a significant step forward in this domain.LinkedIn is currently developing an AI-based tool known as "AI Coach." This innovative tool aims to assist job seekers throughout the job application process, offering efficient guidan...

LinkedIn cuts over 700 jobs, phases out China app as demand wavers

[ad_1] LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.LinkedIn, which has 20,000 employees, has grown revenue each quarter during the last year, but it joins other major technology companies including its parent in laying off workers amid a weakening global economic outlook. In the past six months, more than 270,000 tech jobs globally have been cut, according to Layoffs.fyi, which has been tracking the fallout. LinkedIn makes money through ad sales and also by charging for subscriptions to recruiting and sales professionals who use the network to find prospects.In a letter to employees, LinkedIn CEO Ryan Roslansky said the ...