LinkedIn Cuts Nearly 1,000 Jobs Worldwide Due To Pandemic

LinkedIn CEO Ryan Rose Lensky announced that due to the pandemic, 960 jobs will be cut, affecting 6% of its global workforce. The pandemic has reduced the demand for hiring, impacting LinkedIn's talent solutions business. The job market has been hit hard, with over 51 million Americans filing for unemployment. LinkedIn plans to offer severance, healthcare, and career transition assistance to affected employees, and will help them explore new roles within the company.

What percentage of LinkedIn's global workforce is being cut due to the pandemic?

• 4%

• 6%

• 8%

• 10%

Which department at LinkedIn is primarily affected by the job cuts?

• Customer Support

• Engineering

• Sales and Talent Acquisition

• Marketing

How has the pandemic affected the job market according to the transcript?

• Layoffs and hiring freezes

• Stable job market

• Increased hiring

• More job opportunities

What is one of the benefits LinkedIn is offering to laid-off employees?

• Free housing

• Two years of paid health care

• One year of paid health care

• Stock options

How long is the career transition assistance provided by LinkedIn?

• Nine months

• Six months

• Three months

• Twelve months