Linkedin has cited pandemic as a reason to layoff close to thousand people. In my view, it’s mostly an oppportunistic move to cut jobs. Linkedin is a Microsoft company. Microsoft’s market cap is $1.5 trillion and has more than $100B in surplous cash. it could have easily afforded keeping these 1000 employees who might have chosen linkedin over start-ups etc in a hope that it would give them more stability. It’s the worst time for someone to lose their jobs...so much for “how empathy sparks innovation” a sugar coated email doesn’t do much!
Businesses don't work on fairness.
Most teams are overstaffed, and managers do it because a bigger kingdom means more growth for them. Overhire during the boom and then aggressively cut during difficult times. That's how businesses roll
It sucks that people were let go, but that’s how businesses work I guess.
Come on people, stop speaking on behalf of companies and for once think, I completely agree with OP
Engineering?
No. Sales and TA
lol hello it is capitalism baby why are you so surprised? companies get rid of people daily, they don’t need to explain anything
Fair? lol 🙄
At-will employment. It works both the ways!!
Life is not fair.
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It increases shareholder value at the expense of the employees. I wouldn’t be surprised if they are also reducing stock based compensation during this time 🤪