Linkedin is laying off more than 5% of its employment base because of economic hardship arising from the coronavirus.
In a statement released by CEO Ryan Roslansky on Monday, the company’s boss said the cuts would be made from the Global Sales and Talent Acquisition part of the organization.
“LinkedIn is not immune to the effects of the global pandemic,” Roslansky wrote. “Our Talent Solutions business continues to be impacted as fewer companies, including ours, need to hire at the same volume they did previously.”
LinkedIn, which was bought by Microsoft for $26.2 billion in 2016, helps job seekers and employers find each other in a matching ecosystem where applying for a job has become a one-click exercise.
The layoffs come only a day before the company is set to report its quarterly earnings on Wednesday. Roslansky said the company is prioritizing it’s online sales division and removing aspects of the in-person sales team in response to the coronavirus.
Roslansky said employees affected by the job cuts will receive a message to attend a meeting where the parting steps will be explained.
“If you don’t receive a meeting invite, you are not directly impacted by this change,” Roslansky said.
