LinkedIn Isn't Recession Proof Either

Last night Techcrunch posted that LinkedIn was laying off 10 percent of their staff. Just a couple weeks ago the company announced that they had raised $22.7 million in a round of funding from SAP Ventures, Goldman Sachs, and McGraw-Hill. At the time it wasn’t clear that the company wasn’t laying people off, simply that they were slowing their hiring process.

Now 10 percent is being chopped. While we may have a new President-Elect, the economic conditions still appear to be worsening for the time being.

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