LinkedIn laying off nearly 700, mostly from core engineering teams

LewisVerstappen wrote: post #3

> LinkedIn is now ramping up hiring in India, according the person familiar. So, laying off people in the US and hiring in India?

I feel like if US companies are proven to off shore jobs they should take a massive tax hit the same year. Like you are required to pay 5 years worth of the salary of the job you off shored into unemployment or retraining funds.

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#6

Post by pcurve » Mon, Oct 16, 2023, 4:01 PM UTC

"Broken down there are 137 Engineering management roles and 38 Product roles being reduced. Additionally, there will be 388 role reductions across our Engineering team"

Companies have cut back on recruiters a while ago, so I guess they stopped money on linkedin.

I wonder what areas will be impacted next.

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#7

Post by passion__desire » Mon, Oct 16, 2023, 4:01 PM UTC

tannedNerd wrote: post #5

LewisVerstappen wrote: post #3

> LinkedIn is now ramping up hiring in India, according the person familiar. So, laying off people in the US and hiring in India?

I feel like if US companies are proven to off shore jobs they should take a massive tax hit the same year. Like you are required to pay 5 years worth of the salary of the job you off shored into unemployment or retraining funds.

If there are global markets for products, they should be global markets for employment.

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#8

Post by pastor_bob » Mon, Oct 16, 2023, 4:02 PM UTC

"Today I had to say goodbye to my fellow LinkedInians. I am truly grateful for the 2 years I spent there creating value for shareholders of MSFT. Being pushed by my managers to excel and being able to learn from Satya Nadella's memos made it some of the most impactful years of my life. ETC ETC. Please refer me at your company. Thanks." - 700 linkedIn posts appearing today.

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#9

Post by SpicyLemonZest » Mon, Oct 16, 2023, 4:02 PM UTC

coldpie wrote: post #4

Good news for those 700: because we don't have tech worker unions, they are able to individually bargain the terms of their layoff! ...right?

I don't understand what the dunk is supposed to be here. Plenty of unionized companies have layoffs.

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#10

Post by coldpie » Mon, Oct 16, 2023, 4:03 PM UTC

tannedNerd wrote: post #5

LewisVerstappen wrote: post #3

> LinkedIn is now ramping up hiring in India, according the person familiar. So, laying off people in the US and hiring in India?

I feel like if US companies are proven to off shore jobs they should take a massive tax hit the same year. Like you are required to pay 5 years worth of the salary of the job you off shored into unemployment or retraining funds.

I think you'd get the same result with a lot less overhead by just increasing corporate taxes a fraction of a percent (or just enforcing our current tax laws better) and making vocational training schools tuition-free.