If we usually refer to LinkedIn as an online place to be when searching for new professional opportunities, the last updates about the “social network” seem to show a different side of the job market: the work loss as a rather concrete risk.
In fact, according to what was announced yesterday, the “platform” would be ready to end its collaboration with “nearly 700 employees”.
On the basis of an “internal note consulted by CNBC”, most of the cuts will affect the “engineering sector”, but the “finance branch and the human resources of the company” should be concerned, too. At least considering “some Internet sources” (Askanews).
The reason would lie in a slowdown in the “income growth during eight consecutive quarters “. In the month of “July”, the “platform” would have recorded an “increase by 5%”.
The firm – “according to internal sources” – would now be hiring more staff in “India” and let’s not forget that around “10,000 redundancies” had been “announced” by its “parent company Microsoft” in “January 2023” (BBC).
For “LinkedIn executives Mohak Shroff and Tomer Cohen”, the choice to downsize should help to “adapt the organisational structures” of the professional networking website, improving its “efficiency and transparency” (Askanews).
Will such a presumed upgrade of the well-known social network dedicated to employment and business be enough to persuade those who lost – and will loose – their job that the option at issue was the right one?
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