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LinkedIn Layoffs: The impact of the global recession is visible the most on the tech sector. Many big companies of the world have laid off employees on a large scale to cut down on their expenses. Recently, Microsoft-owned company LinkedIn has also announced the retrenchment of employees. The company has decided to lay off a total of 716 employees. After this, now the company has also started giving retrenchment notices to the people. At the same time, the process of canceling the offer letter of those people who were to join the job in the next few days has been started.
Employee expressed pain
In a post made on LinkedIn, a woman named Lee Schumacher told that she was earlier associated with LinkedIn as an intern and was working in the company’s business leadership team. In September 2022, the company had told him to give an offer letter. After waiting for months, he got this letter, but even before joining the job, the company terminated him. In his post, Lee has also attached a screenshot of the offer letter given by the company.
missed many opportunities
Describing her pain on social media, the female intern said that after receiving the offer letter from LinkedIn, she had rejected job offers from several companies, but now her appointment has been canceled by the company. It is worth noting that the business leadership team is also included in the department in which LinkedIn has laid off. The company has told that 3 months salary will be given in advance to the affected employees of America. Along with this, the family of the employee will also continue to get the benefit of health insurance. On the other hand, the employees of other countries will be given compensation according to the law of that country.
Microsoft gave a blow to the employees
Microsoft has taken another decision to reduce its expenses. Microsoft Corp announced that it will not increase the salary of any employee this year. Along with this, the company is also going to reduce the bonus and stock award. The company’s CEO Satya Nadella (Microsoft CEO Satya Nadella) has given this information to the employees through email.
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