LinkedIn To Lay Off Hundreds of People Amid Broader Restructuring 39
LinkedIn plans to lay off more than 660 people across its engineering, product, talent and finance teams, it announced Monday -- representing more than 3% of the company's global workforce. From a report: LinkedIn has now seen two major rounds of layoffs this year following its cutting in May of 716 jobs and shuttering of its Chinese app InCareer. Those cuts were announced alongside a broader restructuring of the firm's Global Business Organization. The job positions are being eliminated as part of broader efforts at the company to optimize around artificial intelligence. LinkedIn released a slew of new AI product features earlier this month, including an AI-assisted candidate discovery for recruiters, and AI-powered coaching for LinkedIn's premium subscribers.
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Except that Microsoft is not struggling by any definition of the word.
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it's a moneymaking machine, but they weren't going to hit their financial numbers so it's time to whack some people right into a god-awful job market.
After decades in the industry, this is what I've learned. At any time, there's 10-20% of the workforce that is dead weight. In the words of a sagely colleague of mine "He managed to get a paycheck for doing nothing for 4 years, and now has 3 months paid vacation. Pretty sweet deal all things considered".
3% of their workforce impacted. Very minor.
How many people do they need? (Score:3)
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How many people do they need?
Exactly my thought. The article math says they employ 22,000 people... which is about 21,500 more than what I'd have guessed it takes to maintain their feature set and related administrative functions.
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They had sales people running around the place before the Pandemic. I got cornered by one at a (non-IT) conference who spent five minutes extolling the virtues of LinkedIn to me before someone saw the caged animal look on my face and intervened.
I haven't even logged on to LinkedIn since 2012 or 2013, and yet I still get regular emails begging me to return because someone real important looked at my profile.
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They give out free ultimate subscriptions to the MSFT employees themselves along with annual training on how to update your profile correctly.
Hasn't helped. They should probably have a YamJam about it.
Re: How many people do they need? (Score:1)
Funny you should mention that. Just a little while ago I received an email from Lincoln congratulating me on 8 years of being a member. They let me know that three people looked at my profile too... I have probably only ever logged in once, or twice...
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You sound like a CEO asking why he needs to keep spending more money on programmers, once the software has been built. Duh! Software that is in use *always* requires maintenance. And if all you do is maintenance, you'll quickly fall behind your competitors because your system will become dated and obsolete.
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Me too. Any software that is being used, requires constant maintenance and new code development. The only other kind of software, is software that is dying.
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From what I've seen, that core infrastructure is mostly unchanged in YEARS.
Guess those lay offs weren't a thing of the past. (Score:2)
Remember when you guys posted this gem :
https://tech.slashdot.org/stor... [slashdot.org]
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LinkedIn isn't a tech company: it's a social media-cum-corporate surveillance outfit. It's tech the same way a psychologist is a doctor.
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"I disagree but I have no counter argument. So I'll just redefine some words and pretend that reality has changed alongside my new definitions".
I never understood linkedin (Score:5, Interesting)
I only considered linkedin to be a job hunting site. A place to post my resume for fishing purposes and since I'm not looking I rarely use it. They constantly keep trying to make it into some sort of news/social media site but I have no desire to deal with it. I think I check it 4 times a year at most.
Re:I never understood linkedin (Score:5, Insightful)
but I have no desire to deal with it
But in my case, with my role, I'm expected to be somewhat of a thought leader. So LinkedIn gives me a means to post content, share thoughts and have a dialog. If I am hiring someone, one of the first things I will do is see what they're sharing on LinkedIn as relates to their area or expertise or interest. Not a dealbreaker if they're not, but it does help their case if they are.
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For all the pompous narcissism of this reply, it hides a very important truth underneath: What is being accurately described in previous post is a typical HR lady thought process.
So to manage social media to meet HR lady standards, all one needs to do is occasionally copy/paste some professional looking shit.
Notably, this also works on facebook, twitter, instagram, etc. Just give HR lady that we just saw talking links to separate "professional" looking facebook, twitter and instagram, and she'll be happy to
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all one needs to do is occasionally copy/paste some professional looking shit.
I don't just want to see a copy/paste - I want to see a story posted with some critical thinking attached. Some analysis that indicates this person actually gives a damn about whatever it is interests them.
That once a week or once a month or whatever this person has said "This is interesting and this is why I think it is interesting" or "This is wrong and this is why it's wrong." or "this new methodology is interesting and her
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>I want to see a story posted with some critical thinking attached.
There are two ways for this to be real. First one is that this is something you don't actually do, but think it's a great idea to do because you haven't quite thought though this idea to the end but you want good things to happen. Because you don't quite understand what it's like to be hiring from a group of twenty people or so for each position as a matter of routine, and have to look through their social media looking for "a story poste
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What in the eff is a thought leader
It started as a glorified address book (Score:5, Insightful)
Originally it kind of functioned like a glorified address book where your contacts could update their details. So when someone changed their e-mail address or whatever, they would update it in LinkedIn, and you wouldn't get left with outdated contact details. But they gradually made it less useful for that purpose, and put more emphasis on the features for recruiters. Then Microsoft bought it and basically turned it into a spam source. I get that there's probably no money in a glorified address book, and it would have been running at a significant loss, but while it may make some money for Microsoft now, it has almost no value for me.
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It's very high up in my personal list of spammiest companies ever.
Have you seen its mailing list settings page? I've never, ever seen anything remotely convoluted, complicated and filled with dark patterns.
And here's the truly shitty thing: After spending an hour unchecking everything from mailing list settings, couple years ago, I had this terrible idea of updating my job details on the website. That, apparently, was a huge mistake, because this fucking platform somehow decided it would reactivate a couple
The spam started with the MS takeover (Score:2)
After Microsoft bought LinkedIn (a bit over a decade ago now), they almost immediately turned it into a spam engine. I lost all interest in it at that point.
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My last two jobs came to me because of LinkedIn. IMO it's the best job site out there for IT professionals. Because of my LinkedIn profile, companies come to *me* looking to hire.
660 people? (Score:2)
Well... (Score:3)
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That would seem to be kinda the minimum severance package, access to the pay level of tools
Heh (Score:2)
Better update those LinkedIns...
YASBM (Score:4, Insightful)
Yet Another Subscription Business Model. In this case, they took a page from Dun & Bradstreet's playbook: Look! 5 people have looked at your profile! Why can't I see them? Oh, you have to pay us money to see them. What if the results are useless? STBY.
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Yet Another Subscription Business Model. In this case, they took a page from Dun & Bradstreet's playbook: Look! 5 people have looked at your profile! Why can't I see them? Oh, you have to pay us money to see them. What if the results are useless? STBY.
Yea, I get that all the time. Don't really care and anyone interested can message me anyway. I had Premium free for a year and it was worth exactly what I paid. Nothing.
LinkedIn is getting spammy (Score:2)
I must admit that I have used LinkedIn a lot over the years, mainly to keep in touch with former coworkers. I have even found a few jobs on there.
But ever since Micro$oft took over it, it's becoming more spammy. For example, I keep getting these fake notification alerts that are nothing more than ads to trick me to visiting. And notifications under My Network that used to contain invitations to connect. Now they are just useless updates. Worst part is that I can't seem to find a way to turn them off. At thi
Doing what? (Score:2)
If 660 is 3%, this means LinkedIn has around 22k employees. Doing what? It's just a website that shares some resources with its parent company.