cuts 960 jobs at his daughter LinkedIn. The layoffs are part of the job cuts that the company is carrying out at the end of the fiscal year. In the other departments of the software group, around 1,000 additional jobs will be lost worldwide.
The restructuring at LinkedIn announces its new CEO Ryan Roslansky to employees in a circular that is also available on the LinkedIn press page. “After weeks of discussions and advice, the management team and I made the extremely difficult decision to cut around 960 jobs, that is, about six percent of our workforce, in our global sales and acquisition organizations,” it says.
The manager founded the job cuts, among other things, with the COVID 19 pandemic, which had reduced the need for new workers. Affected employees, depending on their location, would be notified by the end of September.
Microsoft acquired LinkedIn in 2016 for $ 26.2 billion. Since then, the parent company has largely stayed out of the daughter’s business. Microsoft primarily limited its influence to the integration of LinkedIn into existing products.
Microsoft confirmed in 2017 that there were no plans to abandon LinkedIn’s own data centers, but in 2019 this strategy changed. LinkedIn is currently planning to move all workloads to Microsoft Azure in the coming years. “Since announcing our multi-year migration last year, we’ve migrated our offline data and built the basic tools and systems that enable our teams and organization to migrate and work in Azure,” a company spokesman said last month on the progress of the project.
Among other things, LinkedIn confirmed that it had moved its edge infrastructure to Azure Front Door, thereby reducing average page load times by 25 percent. Azure Front Door is the entry into Azure’s Wide Area Network, which enables global load balancing.
Microsoft’s fiscal year ends at the end of June. The company presents the balance sheet for fiscal year 2020 today after the stock exchange closes.