LinkedIn's company culture has changed for the worse, LinkedIn employees told Business Insider. The company has taken steps to push employees out and was so careless with layoffs that a layoffs list was leaked on Blind. #bigtech #tech #linkedin #microsoft #layoff #layoffs #rif #pip #performance #coaching #manager #management #hiring #culture #companyculture
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LinkedIn has recently announced a significant reduction in its workforce, with 668 positions being cut, primarily affecting the engineering, talent, and finance teams. This marks the second major downsizing for the Microsoft-owned platform in 2023, following an earlier layoff of over 700 employees. As we witness these changes, let's remember the resilience of our industry and the countless opportunities that arise even in times of uncertainty. To those impacted, know that the tech community is robust, and new doors are opening every day. For those of us in the position to hire, let's welcome the influx of available talent and harness their potential to fuel our future innovations! 💡🚀 #Recruiting #HumanResources #CareerTransitions #FutureOfWork
LinkedIn Cuts Over 650 Workers in Second Round of Layoffs This Year
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LinkedIn has recently announced a significant reduction in its workforce, with 668 positions being cut, primarily affecting the engineering, talent, and finance teams. This marks the second major downsizing for the Microsoft-owned platform in 2023, following an earlier layoff of over 700 employees. As we witness these changes, let's remember the resilience of our industry and the countless opportunities that arise even in times of uncertainty. To those impacted, know that the tech community is robust, and new doors are opening every day. For those of us in the position to hire, let's welcome the influx of available talent and harness their potential to fuel our future innovations! 💡🚀 #Recruiting #HumanResources #CareerTransitions #FutureOfWork
LinkedIn Cuts Over 650 Workers in Second Round of Layoffs This Year
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🚨 Reflections on Recent Microsoft Layoffs: Lessons Learned in the Age of AI🚨 As many of you may know, Microsoft recently announced significant layoffs, impacting thousands of dedicated employees. This news resonates deeply within the tech sector and beyond, as it reflects ongoing trends in the job market — trends that I, as a career coach and corporate trainer, can’t help but analyze. One of the recent session I had with one of the most affected family and learn following things. 📉 Market Impact The immediate fallout from such a seismic shift in workforce dynamics results in ripples across the market. As we’ve seen with previous layoffs in major corporations, stock prices often experience short-term stabilization, but the underlying concern remains — **job security**. Confidence in the tech market can waver, and potential talent may reconsider their career paths, weighing the stability of their current or prospective employers. 🤖 AI's Growing Footprint Let’s not shy away from the ELEPHANT in the room: Is AI truly taking over the job market?? The answer is nuanced. AI is undoubtedly transforming industries and automating repetitive tasks, leading to concerns about job displacement. However, it’s crucial to recognize that AI also creates new opportunities and roles that didn’t exist before. Here’s the key takeaway: While AI might replace certain jobs, it opens the door for innovation and roles that require “human ingenuity” — an element that machines cannot replicate! 🌱 Lessons Learned Recently, during a session with one of the most affected families from these layoffs, I learned valuable insights that underscore the importance of resilience and adaptability in times of uncertainty. Here are some key takeaways: 1. Adaptability is Key: The workforce must evolve continuously with changing technologies. Upskilling and reskilling will be essential for survival in this fast-paced environment. 2. Embrace Change: Layoffs, while painful, are often part of organizations adapting to new realities. This is a moment for both corporations and professionals to reassess priorities and strategies. 3. Find Your Niche: With the rise of AI, specialization is crucial. Identify the areas where human skills, creativity, and emotional intelligence are irreplaceable, and pivot towards them. As professionals, we must harness the chaos and uncertainty as fuel for growth. It’s not merely about survival; it’s about thriving in an evolving landscape. If you find yourself facing job upheaval, don’t hesitate to seek guidance or professional coaching. The journey might be challenging, but it’s also filled with potential for transformation and reinvention. Let’s engage in a discussion! How do you see the intersection of layoffs and AI shaping our futures? 💬 #MicrosoftLayoffs #JobMarket #AIFuture #CareerCoaching #ChangeManagement #Upskilling #Adaptability #Networking
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I coach founders & execs at early stage & growth startups to lead with vision, build their culture, empower their people and deepen knowledge of self
Unfortunately a lot of people need to hear this: You don’t have to go on LinkedIn and thank your company for laying you off. One of the best and worst parts of scrolling this site is seeing all the messages from people announcing they’ve been “impacted” by their company’s cutbacks. I say best because it’s heartening to see so many people go to work recommending their newly unemployed colleagues to their network to try to find them a job. I say worst for the obvious reasons, but also because it’s so disheartening to see how these messages are framed. It seems like every week a new post pops up in my feed from someone saying how wonderful their company is, how their bosses are always there for them, how they’re treated like family … and oh by the way they just fired me without warning even though my performance was great. I get that people don’t want to publicly bad-mouth their former bosses, but you don’t need to do that to get the message across that you’re looking for a new job. The reality is most big companies doing layoffs aren’t cutting jobs to survive but to increase profits. Take Meta, which owns Facebook and Instagram. In the most recent quarter, they cut 22,000 jobs and increased profits 201%. Alphabet, which owns Google? They cut 4% of jobs and grew profit 52%. Microsoft? Cut 2% of jobs, grew profit 33%. It goes on and on. The stock market is at an all-time high during a time when layoffs are also increasing. There are plenty of exceptions, of course, especially at small businesses. And maybe you really did love your old company and are thankful to move on with severance, if you’re fortunate enough to get it. But these companies have massive advertising and PR budgets; they don’t need you doing free PR work for them. As a former HR professional, I can pretty much guarantee you we don’t hire based on whether you posted a glowing review of your previous company’s decision to put profits over your paycheck. More importantly, the type of place that would hire you for being appreciative of layoffs is probably not the place you want to work.
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Unfortunately a lot of people need to hear this: You don’t have to go on LinkedIn and thank your company for laying you off. One of the best and worst parts of scrolling this site is seeing all the messages from people announcing they’ve been “impacted” by their company’s cutbacks. I say best because it’s heartening to see so many people go to work recommending their newly unemployed colleagues to their network to try to find them a job. I say worst for the obvious reasons, but also because it’s so disheartening to see how these messages are framed. It seems like every week a new post pops up in my feed from someone saying how wonderful their company is, how their bosses are always there for them, how they’re treated like family … and oh by the way they just fired me without warning even though my performance was great. I get that people don’t want to publicly bad-mouth their former bosses, but you don’t need to do that to get the message across that you’re looking for a new job. The reality is most big companies doing layoffs aren’t cutting jobs to survive but to increase profits. Take Meta, which owns Facebook and Instagram. In the most recent quarter, they cut 22,000 jobs and increased profits 201%. Alphabet, which owns Google? They cut 4% of jobs and grew profit 52%. Microsoft? Cut 2% of jobs, grew profit 33%. It goes on and on. The stock market is at an all-time high during a time when layoffs are also increasing. There are plenty of exceptions, of course, especially at small businesses. And maybe you really did love your old company and are thankful to move on with severance, if you’re fortunate enough to get it. But these companies have massive advertising and PR budgets; they don’t need you doing free PR work for them. As a former HR professional, I can pretty much guarantee you we don’t hire based on whether you posted a glowing review of your previous company’s decision to put profits over your paycheck. More importantly, the type of place that would hire you for being appreciative of layoffs is probably not the place you want to work.
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Another Day, Another Heart-Wrecking Layoff News This time, the news comes from LinkedIn, the professional social networking platform owned by Microsoft. It is laying off about 688 employees, or roughly 3 percent of its workforce. This affected LinkedIn’s engineering, product, talent, and finance teams and is documented as the company's second round of layoffs this year. Previously, in May, about 716 employees had been affected by the global layoff. LinkedIn, which has 19,500 employees across 36 offices worldwide, did not release any statement regarding the reasons for the job cuts. The company solely said that it was part of their strategy to invest in strategic priorities. However, many people speculate that this is a result of LinkedIn’s utilization of AI technology, as Microsoft acquired a 49 percent share in OpenAI for 13 billion US dollars in April. This reinforces the stereotype that AI could replace human jobs. According to the World Economic Forum’s “The Future of Jobs Report 2020,” AI is expected to replace 85 million jobs worldwide by 2025. Though it sounds scary, the report goes on to say that it will also create 97 million new jobs in that same timeframe. Rather than fearing replacement, we should embrace the partnership between AI and human intelligence. Thus, people are encouraged to develop digital skills to utilize AI on a daily basis. In this case, every company should be able to provide comprehensive training to employees in order to keep updated with digital transformation. LinovHR’s Learning Management System (LMS) will offer a streamline corporate training program, making it easy for companies to manage the end-to-end training process. So, what are you waiting for? Request a demo now and claim 3-month free for new clients here https://lnkd.in/gnY2mWHp #SemuaAdaSolusi #hr #humanresource #LinovHR #EasyWithLinovHR
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We tend to think about layoffs in broad strokes. Headlines in our news feeds. Economic indicators. Industry trends. But if you've been laid off, you know how deeply personal it feels. (It rarely is, but business decisions affect individuals, sometimes deeply and painfully.) And if you've been laid off, you start getting all kinds of advice, most of which feels overwhelming and like it doesn't apply to your situation. My first piece of advice? As much as time and your financial situation allow, take some time to rest and heal. If you immediately jump into networking and job searching, you'll make decisions under duress and they won't be good ones. Once you're ready to get back out there, there's some excellent and practical advice in this article. What stood out to me: ⭐ Go modest when taking it public: ..."stick to a modest post and save the drama for the private conversations with friends over a drink." ⭐ Work your network: "That doesn't mean you have to make it all about you... Ask great questions about their job and life, and get them to think you're a thoughtful, smart person who they'd like to work with." If you've been laid off and could use some support, reach out. I've been there and am happy to be there for you now. #layoff #layoffs #layoffsandjobreductions #support #careercoaching #healing #networking https://lnkd.in/eu4DnpGY
I'm a former Microsoft VP of HR. Here's what I would do in the first 48 hours of being laid off from a job.
businessinsider.com
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Digital Transformation Expert | Delivering results by connecting business, technology, cross-functional teams, innovation, and robust execution | Agile certified | INSEAD MBA & IMD alumnus
💰 According to an ex-Microsoft HR VP, there are four reasons, why cutting executive pay does not help avoid mass tech layoffs. Here is what to consider: 1️⃣. It's just math. For a company of 100K employees, this does not make much of a difference. 2️⃣. It's about stock. Stock grants do not directly affect the bottom line. 3️⃣. It's the competition. Similar to sports, very few people can play at that level. 4️⃣. It's the image. Economics is as important as a company's image. https://lnkd.in/dSKYyH-B #techlayoffs #compensationandbenefits #executiveleadership
Why don't many executives take pay cuts to avoid layoffs? An ex-Microsoft HR VP explains.
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Director | Payment expert | Product Leader | Member, Forbes Technology Council | Product Mentor at Techstars | Founder
On layoffs; It’s not you, it’s sometimes bad company strategy or business re-direction! In this brutal economy, companies are returning to business fundamentals: profit over revenue. They are stripping costs by shutting down business units or products that are not contributing significantly to the company's bottom line. Many times before this brutal season, I wondered why businesses would incur huge costs, knowing how that impacts their profit. I would question priorities. Sadly, we are where we are now, layoffs to becoming profitable. 📍Now, this info is for employees: <> When a company terminates your employment, it’s sometimes not about your competencies. Sometimes, it’s the management/business strategy, which may have culminated from bad decision-making. So don’t beat yourself up; remember, your valuable skills got you that role. You are still the VALUE. <> For your next role, consider roles that allow you to contribute to the cash cow products, not products in the lab or experimental phases. Because, when push comes to shove, companies start with business units that are not cash cows. <> You’ve got to be strategic about the company you choose to work with. Some companies have great branding and are not solid internally, so do your research properly before pitching your tent there. <> Also, don’t just sit and collect salary without tracking the product's revenue health. Monitor it and share suggestions on how to diversify the product to earn more revenue. Remember your salary comes from there. Companies will do anything to survive, so keep your eyes open, be discerning and make objective, not emotional decisions. My heart is with all Microsoft ADC employees in 🇳🇬. If you need to speak with anyone, I’m here. I’ve gone through different phases in my career and I understand how you feel. To experienced professionals, please feel free to share any other advice in the comment section. Also, If you've got open PM roles in your organisation, kindly share them in the comment section, my friends from Microsoft will be on the lookout. All will be well. ❤️ #career #workplace ##LayoffIsNotAStigma
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From news headlines to the LinkedIn feeds, layoffs are seemingly happening daily. While AI undoubtedly plays a role in automation and potential job displacement, the current wave of layoffs are less tech-driven and more profit-driven. And while investor value has soared with each and every layoff announcement, it certainly doesn't bring value to anyone else. My LinkedIn feed used to be a highlight reel of gushing employee testimonials. "Life-changing culture," "best boss ever," "we're a family!" the captions would scream. Then, the inevitable update: "Blindsided by layoffs today, despite exceeding expectations." The truth is, many companies resorting to layoffs are not facing existential threats. Companies aren't families...they're profit-driven entities. While some companies genuinely face economic hardship and require difficult restructuring, many others are clearly using layoffs as a quick fix to boost investor confidence. Look no further than their stellar earnings and skyrocketing stock prices especially after announcing layoffs. They focus on short-term gains, disregarding the human cost and potential long-term damage. This short-sighted approach prioritizes quarterly results over long-term value creation and workforce investment. Long term, all of it further erodes employee morale, disrupts innovation, and weakens company culture. Our feeds are full of them - friends and business connections losing their jobs - and yet many of these companies seem to lack any understanding about the human cost of layoffs that go far beyond lost jobs. It's about shattered dreams, disrupted lives, and communities left reeling. And all the chatter by companies about being loyal to their employees...well, you're kicking all that valuable experience and institutional knowledge out the door. How's that for future innovation and growth? All of this is incredibly disheartening and immensely frustrating for everyone affected. There's a saying that pain makes you stronger, fear makes you braver, and heartbreak makes you wiser. It also makes you remember. Companies laying off people for profits...you can bet your former employees will https://lnkd.in/ggWiS5yD #talent #jobs #workforce #economy #bigtech #employees #ethics #brand #reputation #humanresources
The full list of major US companies slashing staff this year, from Paramount to Google and Microsoft
businessinsider.com
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