LinkedIn cuts 6% of its global workforce

LinkedIn said Tuesday it would cut about 960 jobs, or 6% of its global workforce, as the COVID-19 pandemic is having an impact on demand for its recruitment products. Jobs will be cut across sales and hiring divisions of the group globally. CEO Ryan Roslansky said the company would provide at least 10 weeks of severance pay as well as health insurance for a year for U.S. employees.

LinkedIn cuts 6% of its global workforce

Australia calls out Google for blocking some news sites

Blue-Collar Boom: How China Bounced Back From the Virus

The NRA Files For Bankruptcy

2 Million People Worldwide Died Of Covid—U.S. Contributed Heavily To Total

How major US stock indexes fared Friday

Xi Jinping asks ex-Starbucks CEO for help with US-China relations

1.6% jump seen in US industrial production in December

Vehicle repossessions to begin again after Covid-19 ban on reclaiming ends

December sees slowing US producer price inflation

Walmart’s e-commerce chief resigns after nearly 5 years

Will New Hire From Chanel Enhance L’Occitane’s Asian Growth?

Xiaomi shares fall 10% as U.S. adds smartphone-maker to ’blacklist’

Dollar General offers to pay employees to receive COVID-19 vaccine

US jobless claims surge to 5-month high as workers file 965,000 new applications

Powell signals Fed will keep aiding economy with bond buying

US to ban cotton from China’s Xinjiang region over Uighur persecution

J&J Covid-19 vaccine production hits snag, supplies may be delayed, report says

Mega Millions jackpot swells to $750 million, 5th largest in US lottery history

Deutsche Bank cuts future ties with Donald Trump

Archer and Fiat Chrysler join hands to build electric VTOL flying taxis

Volkswagen tripled E-car sales ahead of new climate rules

Twitter shares drop in first trading day after Trump ban

Ford announces closing of Brazil manufacturing operations

Nearly $170B wiped off cryptocurrency market in 24 hours as Bitcoin corrects

Corporate America halts political donations after Capitol siege