LinkedIn: As we read sob stories on LinkedIn about employees being dismissed in the midst of the global catastrophe, the Microsoft-owned professional networking site has laid off staff from its worldwide events marketing department, according to media reports.
LinkedIn has laid off “all of the employees on the professional social network’s global events marketing team amid continued economic uncertainty,” according to an Insider report.
According to the Thursday report, a LinkedIn spokesperson did not reveal the exact number of employees affected. “They confirmed the entire team was impacted. Affected employees are being encouraged to apply for roles on a new internal team focused on creating virtual, hybrid, and in-person experiences,” the report mentioned.
LinkdIn’s layoffs came as its parent company, Microsoft, which laid off 1% or 1,800 employees in July, asked around 200 more employees to leave, this time from one of its customer-focused R&D projects.
According to posts on Microsoft-owned LinkedIn, the recent layoffs have also affected contractual recruiters in a wide range of regions.
According to a Business Insider report, the additional job cuts were concentrated in Microsoft’s Modern Life Experiences (MLX) group, which was formed in 2018 with the goal of “winning back consumers”.
“Around 200 employees on the Modern Life Experiences team have been told to find another position at the company within 60 days, or take severance,” the report claimed.
Last month, Satya Nadella-run Microsoft became the first corporate behemoth to lay off employees as part of a “realignment”.
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Microsoft’s layoffs affected nearly 1% of its 1,80,000-person workforce across offices and product divisions.
Microsoft has also reduced hiring in its Windows, Teams, and Office divisions. Google, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel, and Salesforce are among the other tech companies that have either laid off or slowed hiring during the current economic downturn.
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