LinkedIn to cut 960 jobs

WASHINGTON: Professional social network LinkedIn said Tuesday it was cutting 960 jobs, or six percent of its workforce, as the global pandemic has hit demand for its paid recruitment services.

The Covid-19 outbreak "is having a sustained impact on the demand for hiring," said Ryan Roslansky, chief executive of the Microsoft-owned platform.

As a result, "there are roles that are no longer needed as we adjust to the reduced demand in our internal hiring and for our talent products globally."

The move comes amid surging joblessness during the pandemic-induced economic slump, even though many technology firms have weathered the crisis and even boosted employment.