Industry leader LinkedIn, a division of Microsoft, is reporting layoffs. In a publicly posted statement, newly appointed CEO Ryan Roslansky wrote that the company has been hurt "as fewer companies, including ours, need to hire at the same volume they did previously." The layoffs are primarily concentrated on sales and - in a bit of irony - corporate talent acquisition.
Roslansky, a former SVP appointed CEO in June (his promotion was announced in February), added:
After weeks of discussion and deliberation, the executive team and I have made the extremely difficult decision to reduce approximately 960 roles, or about 6 percent of our employee base, across our Global Sales and Talent Acquisition organizations.
He also added that these were the only layoffs planned at this time.
RNN has reached out to LinkedIn for commentary, and will update accordingly. This is a developing story.
Sign up to get our monthly newsletter and updates about RNN.