Tag: linkedln

Even employers have turned to LinkedIn, explaining their decisions and even seeking advice..reports Asian Lite News

As more companies, especially in the tech sector, lay off thousands in New Year, Microsoft-owned LinkedIn has become a go-to platform for those who have been sacked, with some affected users forming groups to provide assistance to others.

Some LinkedIn groups are providing assistance around signing exit paperwork and aiding with connections for new jobs.

“One LinkedIn group of employees affected by the November layoffs at Facebook-parent Meta, for example, now has more than 200 members,” reports CNN.

Even employers have turned to LinkedIn, explaining their decisions and even seeking advice.

LinkedIn is full of job hunts, offers of support for laid off friends and colleagues, and advice for coping with career hurdles as several companies trim their workforce to navigate through an uncertain macro-economic environment.

“A group of Twitter employees created a spreadsheet of laid-off workers from the company alongside recruiters hiring for other firms, and used LinkedIn to help facilitate sign-ups,” said the report.

According to market research firm Sensor Tower, LinkedIn app was downloaded an estimated 58.4 million times in 2022 globally across Google Play Store and Apple App Stores — up 10 per cent from 2021.

According to the CNN report, posts on LinkedIn about “open to work” were up 22 per cent in November compared to the same period in the prior year.

This has also resulted in profits for LinkedIn. The Microsoft-owned platform posted 17 per cent year-over-year revenue growth in the September quarter.

Microsoft Chairman and CEO Satya Nadella said in the earnings call that LinkedIn was witnessing a “record engagement” among its 875 million members.

As thousands of techies continue to lose jobs at Big Tech companies amid recession fears, most of them are finding it difficult to get jobs, as there is a freeze on new hirings at nearly every top firm, amid global macroeconomic conditions and recession fears.

Amazon, Salesforce, Meta, Twitter, Uber and other tech companies have laid off employees as well as put a total freeze on new hiring.

Fortune reported on Sunday that global financial services company Goldman Sachs is set to lay off about 4,000 employees starting this week.

“Goldman Sachs is expected to lay off thousands of employees this week, just months after unveiling a major reorganisation,” said the report.

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The Focused Inbox feature will offer a dual-tabbed experience that will categorise users’ incoming messages into “Focused” and “Other”…reports Asian Lite News

Microsoft-owned LinkedIn has announced a new feature — “Focused Inbox” for a better messaging experience on the platform.

The improved LinkedIn messaging experience will make it easier for the members around the globe to find and respond to the messages that matter most, said the company.

The Focused Inbox feature will offer a dual-tabbed experience that will categorise users’ incoming messages into “Focused” and “Other”.

Focused will contain the most relevant new opportunities and outreach, while Other will contain the remainder of users’ conversations.

“With conversations up nearly 20 per cent since last year, we’re seeing more professionals on LinkedIn are turning to messaging to connect and engage with each other. Early feedback we’ve heard is that it’s helped our members efficiently keep track of and respond to ongoing conversations and opportunities,” said LinkedIn.

The company said that it is gradually rolling out Focused Inbox to all members globally.

Users will soon get a notification at the top of their LinkedIn Inbox to try the New Focused Inbox, where they will be able to opt into this new experience.

Last month, LinkedIn rolled out a new feature that allows users on Android and the Web to schedule posts to send at a later time.

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According to the report that came out on Thursday, a LinkedIn spokesperson did not disclose the exact number of employees affected….reports Asian Lite News

As we hear sobbing stories on LinkedIn about employees being fired amid the global meltdown, the Microsoft-owned professional networking platform itself has laid off workers from its global events marketing vertical, the media reported.

According to an Insider report, LinkedIn has laid off “all the employees on the professional social network’s global events marketing team amid continued economic uncertainty”.

According to the report that came out on Thursday, a LinkedIn spokesperson did not disclose 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.

The layoffs at LinkedIn came as its parent company Microsoft, which laid off 1 per cent or 1,800 employees in July, asked around 200 more employees to go, this time from one of its customer-focused R&D projects.

According to posts on Microsoft-owned LinkedIn, the recent layoffs have also impacted contracted recruiters across several locations.

A Business Insider report first mentioned that the additional job cuts were concentrated in Microsoft’s Modern Life Experiences (MLX) group, which was put together 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 tech giant to lay off employees as part of a “realignment”.

The layoffs at Microsoft affected nearly 1 per cent of its 1,80,000-strong workforce across its offices and product divisions.

Microsoft has also slowed hiring in the Windows, Teams and Office groups.

Other tech companies that have either laid off employees or slowed hiring in the current economic downturn include Google, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel and Salesforce, among others.

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