On Tuesday, the professional networking site Linkedin slashes 960 jobs globally. This is 6% of its total workforce. The major reason for this is because of the effect of coronavirus
The company is part of Microsoft which has around 1200 employees in India. It also has a development center in Bangalore. Although the company did not comment on this job cuts
In a note to his employees, the CEO of Linkedin says that the company has taken a difficult decision to slash 960 jobs. These are the only layoffs the company has been planning according to him.
He also adds that the coronavirus is having quite an impact on the company and especially hiring. He says that the employees who are affected due to these job cuts will be with the company for some time. The employees in NorthAmerica, Brazil region will work with them until August. Employees in Dubai will work until September.
A company’s spokesperson says that the employees in Europe will soon find out about the impact of this. LinkedIn also says that the company will give a minimum of 10 weeks severance pay to its fired employees.
The global immigration team will also provide personalized support to the employees who are on sponsored visas.