New Delhi, Aug 12 : As we read crying stories on LinkedIn about employees being dismissed in the wake of the global financial crisis the Microsoft-owned professional network platform has also laid off employees from its global events marketing division according to reports in the media.According to an Insider report, LinkedIn has laid off “all employees on LinkedIn’s global events marketing team in the face of ongoing uncertain economic conditions”.
In the article, which was released on Thursday the report states that the LinkedIn spokesperson has not revealed the specific quantity of employees who are affected.
“They confirmed that the whole team was affected.The affected employees are encouraged to apply for positions on a new team that is focused on creating virtual and hybrid experiences.” in the report.
The reductions at LinkedIn occurred as the parent company Microsoft that cut 1 percent of its employees (roughly 1,800) in July, asked for about 200 more employees to leave to one of its customers-focused R&D projects.
As per posts on Microsoft’s LinkedIn the layoffs of recent times have also affected contract recruiters in a variety of areas.
An Business Insider report first mentioned that the job cuts were focused in Microsoft’s Modern Life Experiences (MLX) group which was formed in the year 2018 with the aim of “winning back customers”.
“Around 200 employees of the Modern Life Experiences team have been told to find a new job within 60 days or else,” the report claimed.
The Satya Nadella-led Microsoft was the first technology company to cut employees as part of a “realignment”.
The reductions in staff at Microsoft affected more than 1 percent of its workforce of 1,80,000 employees across its product divisions and offices.
Microsoft has also cut down on hiring in the Windows, Teams and Office groups.
Some other tech firms that have cut employees off or reduced hiring in the recession are Google, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel and Salesforce, among others.
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