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So if the cuts were mostly in recruiting, does that mean places link LinkedIn are in for lean times? Will being part of MS shield them from layoffs? Or do they

So if the cuts were mostly in recruiting, does that mean places link LinkedIn are in for lean times? Will being part of MS shield them from layoffs? Or do they diversified income now?

pyromine 7y ago
So, LinkedIn isn't solely recruiting, I see very significant use by sales people. And I'm in a position where I have directed purchasing for my company and essentially every salesperson I've worked with has connected with me on LinkedIn.
- nytesky 7y ago
  Oh yeah, things like sale navigator I think? But does that bring in much revenue compared to postings?
  - x0x0 7y ago
    I'd (guess!) an order of magnitude more. Why? Every AE at my company has Sales Navigator. One recruiter has the $10k/year Linkedin Recruiter package.
- wtvanhest 7y ago
  I worked at LinkedIn for a short time, their business Has multiple components. I believe they break out less post msft acquisition, but it’s reasonable to think of their business like this: Recruitment help (hr services, hr recruiter memberships etc) Marketing (ads on the site) Sales services (sales people memberships) LinkedIn learning (Lynda.com), but sold to companies as SaaS. Other memberships We know from their last 10k earnings that marketing was the largest growth +44%. Every single one of their businesses has a lot of exposure to the macro and should see a significant hit. On the other hand, their penetration is still very low, both in terms of % of companies and globally and they don’t really have any competition on a number of their businesses. If they decide to lay people off, it’s to upgrade their PnL.
kabacha 7y ago
linkedin is way too big for any sort of layoffs.
- cortesoft 7y ago
  What? Big firms lay off people all the time.
  - kabacha 7y ago
    It has nothing to do with being "big firm" - I didn't say that. I said Linkedin as a product is way too big, being pretty much a monopoly on work-social media and with that sort of power they aren't facing any layoffs because of a dip in economy.
    - deleted 7y ago
      [deleted]
    - sarabande 7y ago
      You didn't say any of that in your original comment. Hence it's reasonable for your parent commenter to be confused, and reasonable for you to have explained what you meant.
- hkmurakami 7y ago
  If that were true (even within just tech) Cisco would never do layoffs.
  - kabacha 7y ago
    Cisco doesn't have a monopoly product. Do you expect Facebook to lay off people that are working on Facebook.com too?
    - fiblye 7y ago
      They very likely will reach a point someday where they will lay off a good number of people. They can't keep growing forever, and if they reach a point of stagnation, they'll get rid of some people to save on costs or to reallocate funds to grow a different division. Loads of big companies do this, monopoly or not.

So if the cuts were mostly in recruiting, does that mean places link LinkedIn are in for lean times? Will being part of MS shield them from layoffs? Or do they diversified income now?

pyromine 7y ago

So, LinkedIn isn't solely recruiting, I see very significant use by sales people. And I'm in a position where I have directed purchasing for my company and essentially every salesperson I've worked with has connected with me on LinkedIn.

nytesky 7y ago
Oh yeah, things like sale navigator I think? But does that bring in much revenue compared to postings?
- x0x0 7y ago
  I'd (guess!) an order of magnitude more. Why? Every AE at my company has Sales Navigator. One recruiter has the $10k/year Linkedin Recruiter package.
wtvanhest 7y ago
I worked at LinkedIn for a short time, their business Has multiple components. I believe they break out less post msft acquisition, but it’s reasonable to think of their business like this: Recruitment help (hr services, hr recruiter memberships etc) Marketing (ads on the site) Sales services (sales people memberships) LinkedIn learning (Lynda.com), but sold to companies as SaaS. Other memberships We know from their last 10k earnings that marketing was the largest growth +44%. Every single one of their businesses has a lot of exposure to the macro and should see a significant hit. On the other hand, their penetration is still very low, both in terms of % of companies and globally and they don’t really have any competition on a number of their businesses. If they decide to lay people off, it’s to upgrade their PnL.

kabacha 7y ago

linkedin is way too big for any sort of layoffs.

cortesoft 7y ago
What? Big firms lay off people all the time.
- kabacha 7y ago
  It has nothing to do with being "big firm" - I didn't say that. I said Linkedin as a product is way too big, being pretty much a monopoly on work-social media and with that sort of power they aren't facing any layoffs because of a dip in economy.
  - deleted 7y ago
    [deleted]
  - sarabande 7y ago
    You didn't say any of that in your original comment. Hence it's reasonable for your parent commenter to be confused, and reasonable for you to have explained what you meant.
hkmurakami 7y ago
If that were true (even within just tech) Cisco would never do layoffs.
- kabacha 7y ago
  Cisco doesn't have a monopoly product. Do you expect Facebook to lay off people that are working on Facebook.com too?
  - fiblye 7y ago
    They very likely will reach a point someday where they will lay off a good number of people. They can't keep growing forever, and if they reach a point of stagnation, they'll get rid of some people to save on costs or to reallocate funds to grow a different division. Loads of big companies do this, monopoly or not.