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LinkedIn to cut 960 jobs worldwide

bbc.com

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Re: LinkedIn to cut 960 jobs worldwide

#91

Post by blocked_again »

compiler-guy wrote: post #88
blocked_again wrote: post #5

Doesn't LinkedIn(Microsoft) has a shit ton of money in reserves? Is cutting down these jobs in the midst of a pandemic really essential for the company's survival? Especially when the economies has started recovering in many parts of the world.

If these laid-off employees have an average fully-loaded cost of $400,000 (which probably isn't too far off), then linkedin will save about $460,000,000 annually by not keeping them on the payroll. That is not small change, even for a company the size of Microsoft. They may have been contributing more than that to the bottom line prior to the recession--hard to know--but the recession changes quite a bit of the calcu…

> If these laid-off employees have an average fully-loaded cost of $400,000 (which probably isn't too far off),

I highly doubt that. Most of the folks who were let go are from HR/Sales. Plus a portion of the folks are located in India and all.

Re: LinkedIn to cut 960 jobs worldwide

#92

Post by jldugger »

12xo wrote: post #37

What the heck do close to 10k people do at LinkedIn? Serious question. Why does this site/company require 10k people?

To expand on https://danluu.com/sounds-easy/, 10k people aren't required per se, they're there to make more money than they cost. Specifically:

  - sales & billing for linkedin premium, lynda, and other paid products
  - billing fraud detection, to cut the cost of chargebacks
  - security, to prevent that one leak from happening again, to keep PCI compliance, etc.
  - spam filtering, tuned to balance keeping paying customers (recruiters) happy with keeping suppliers (candidates with a resume) happy
  - Writing new features, to keep engagement and signups up
  - fixing things that keep breaking, like the email contact scraper
  - testing code for new features to make sure they, IDK, don't break the signup page
  - a/b testing the hell out of any and every thing
  - collecting and storing the massive analytics datasets they generate daily
  - analyzing daily datasets to determine which a/bs to promote
  - coming up with new features
  - testing anything at all
  - deploying corporate networking in all the offices buildings and such
  - optimizing infra costs
  - deploying actual physical datacenters because the cost is cheaper than paying the profit margins of AWS
  - moving back to cloud (azure) because after you were acquired, the markup dropped and the calculus on on-prem vs cloud flipped
  - managing all the projects associated with above
  - recruiting staff to handle all the above
  - managing all the staff associated with above
  - acquistions (lynda, fliptop, glint, drawbridge)

Re: LinkedIn to cut 960 jobs worldwide

#93

Post by compiler-guy »

varjag wrote: post #84
whymauri wrote: post #77

Earlier quoted context omitted.

Thank you. I'm so tired of reading the same "I could build this unicorn over the weekend with a few AWS credits and a healthy stream of whiskey." On every damn layoff thread.

The fact that a significant portion gets swiftly laid off with seemingly no consequence suggests these complexity concerns are overstated.

Don't know what consequences you specifically mean here, but some projects won't get done, some sales won't be made, some research won't pan out. Some institutional knowledge will be lost so the next rev won't go as quickly.

There will be many consequences, just perhaps not obvious for those on the outside looking in.

Re: LinkedIn to cut 960 jobs worldwide

#94

Post by compiler-guy »

blocked_again wrote: post #91
compiler-guy wrote: post #88

Earlier quoted context omitted.

If these laid-off employees have an average fully-loaded cost of $400,000 (which probably isn't too far off), then linkedin will save about $460,000,000 annually by not keeping them on the payroll. That is not small change, even for a company the size of Microsoft. They may have been contributing more than that to the bottom line prior to the recession--hard to know--but the recession changes quite a bit of the calcu…

> If these laid-off employees have an average fully-loaded cost of $400,000 (which probably isn't too far off), I highly doubt that. Most of the folks who were let go are from HR/Sales. Plus a portion of the folks are located in India and all.

Fine. Even if they average $200,000, you are still looking at a quarter billion dollars a year. That will still show up in your quarterly results.

Re: LinkedIn to cut 960 jobs worldwide

#95

Post by brandnewlow »

12xo wrote: post #67
mason55 wrote: post #59

Earlier quoted context omitted.

This question comes up on every post about a big tech company. LinkedIn in a global company operating commercially in probably almost every country. The "social network for work" part is easy but when you start talking about things like job listings across the world and then the sales and account management and local office management and compliance and the internal tools and billing and everything else, it's quite e…

I am not surprise, just amazed that a site which is mostly self service and runs on UGC needs anywhere near this many people to operate. But then again, most of the people are probably hold-overs from acquisitions. As an ex VP of Ad Sales, I dont see how they'd need this many people in sales. Its almost all automated self-serve and partner driven. Even with a large US based team to manage the big spends, you're still…

I think we’ve seen that UGC is and always has been a bit of a myth. Social media companies have always quietly employed armies of people to moderate user posts, persuade famous people and Companies to post, to actually do the posting and “media strategy” for those VIPs and companies, and then of course to sell the ads and pro services that come with it all.

Re: LinkedIn to cut 960 jobs worldwide

#96

Post by leafboi »

blocked_again wrote: post #32
blackflame7000 wrote: post #12

Earlier quoted context omitted.

It’s a business not a charity

Please link this comment in your careers page, under company culture, if you ever start a company.

I would say basically almost every company has this policy and that culture is a just a lie. If he puts it on his company page, at least he's being honest.

That being said there is one company I am aware of that is proven to not to be like this and that is gravity payments.

Re: LinkedIn to cut 960 jobs worldwide

#98

Post by 6c696e7578 »

dyingkneepad wrote: post #68
6c696e7578 wrote: post #33

On top of everything else, I think this goes to show how expensive Azure infrastructure really is.

How is this related to this news? Yes, I know both are owned by MSFT, but I'll need more info.

Linkedin wasn't on Azure until MS bought them. Now the TCO has gone up. GitHub has also shown signs of the Azure infrastructure.

Re: LinkedIn to cut 960 jobs worldwide

#99

Post by wolco »

vcanales wrote: post #58
wolco wrote: post #39

Earlier quoted context omitted.

The issue not being talked about is the removal of the recruiter from remote roles. Those recruiters paid linkedin thousands a year for premium access. Plus the lower jobs posting overall.

> removal of the recruiter from remote roles What does this mean? What issue is this?

Many remote roles are direct apply/hire from job boards with leetcode tests that act as a filter. Recruiters are being used less.

Re: LinkedIn to cut 960 jobs worldwide

#100

Post by [deleted] »

blackflame7000 wrote: post #12
blocked_again wrote: post #5

Doesn't LinkedIn(Microsoft) has a shit ton of money in reserves? Is cutting down these jobs in the midst of a pandemic really essential for the company's survival? Especially when the economies has started recovering in many parts of the world.

It’s a business not a charity

[deleted]
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