Microsoft to cut 960 jobs at LinkedIn as recruitment struggles

Tech giant Microsoft is cutting nearly a thousand jobs at LinkedIn as the impact of the Covid-19 outbreak on the global jobs market was laid bare.

The professional networking site making a significant portion of its revenues from recruitment products, but with millions suddenly out of work across the globe, prospects in this market look bleak.

Microsoft, which bought Linkedin for $26.2 billlion in June, plans to cut 960 jobs or 6% of the global workforce at California based LinkedIn, which has a London office in Farringdon.

The company helps employers assess a candidate’s suitability for a role and employees use the platform to find new job.

Jobs will be cut across sales and hiring divisions of the group globally.