LinkedIn to cut 960 jobs worldwide

Post by beachy » Thu, Jul 23, 2020, 1:27 AM UTC

octygen wrote: post #307

beachy wrote: post #216

> "Our Talent Solutions business continues to be impacted as fewer companies, including ours, need to hire at the same volume they did previously." We're in a recruitment-related field (online background checking) and we can clearly see that recruitment activity has dropped way off, even in sectors that are largely unaffected by the pandemic. My theory is that people are clinging on to their jobs tightly as unemploym…

I'd err towards this direction too based on the megacorp I work at. Curious if you have ballpark #s to how much less companies are hiring.

My guess would be about 50% for retail. We are in NZ, so unique circumstances apply - there is no Covid on the loose, so things are all normal as far as retail goes, but entire industries such as overseas tourism have vanished for now, so there are many candidates for every job.

Post by projektfu » Thu, Jul 23, 2020, 8:50 PM UTC

eldavido wrote: post #310

projektfu wrote: post #269

Earlier quoted context omitted.

The fourth is the market is drying up and your line of management isn’t going to bat for you. Lots of reasons for this and many aren’t personal so no need to personalize it. Many companies try to let underperforming employees go for cause before starting a lay-off because they can avoid the repercussions in unemployment taxes.

This hasn't been my experience, but would love more info if you could provide it. I'm actually surprised how slowly most tech companies shed staff. In general, it seems the industry is pretty hit-driven, and if you're attached to a good product that's still making money, there's rarely much attrition, even when perhaps there should be. Conversely, a lot of great people get let go when a product isn't working (misses…

I realized I put two separate thoughts in the same paragraph. When someone is let go in a lay-off it’s often not personal and being a better person might not have saved your position. So it’s probably better not to see it as a personal failure.

Thought 2: if you’re getting let go for performance reasons in a bad time for the company, often they really don’t have performance gripes, but they don’t want to put up with unemployment or file a lay-off, so they let go people that can possibly be fired for performance.

Re: LinkedIn to cut 960 jobs worldwide

Re: LinkedIn to cut 960 jobs worldwide