There are some other factors involved in the decision. LinkedIn is merging two media divisions — LinkedIn Marketing Solutions and the Talent Solutions business — to avoid “duplicating costly platforms, systems and tools internally.”
The employees who are leaving can keep their LinkedIn-provided devices and will receive at least ten weeks of severance pay. LinkedIn will provide 12 months of continuing health insurance for those in the US and six months for people elsewhere. It’s also running a six-month program to help people find new jobs and offering support for those on company-sponsored visas. The company may find a place for some of the employees in new roles.
Update 7/21 3 PM ET: Clarified the divisions that LinkedIn is combining.