LinkedIn Plans to Downsize by Cutting around 700 jobs to streamline its Workforce

198,000  

The US weekly jobless claims totaled 198,000, which was significantly lower than what experts had anticipated. This lower number suggests a positive trend in the job market, indicating that fewer people filed for unemployment benefits, which is a promising sign for the economy. 

700 

LinkedIn, owned by Microsoft, recently made headlines by laying off nearly 700 employees. The move to reduce its workforce by this number indicates a significant restructuring within the company, reflecting changes in the tech industry and LinkedIn's strategic direction. 

74%  

74% of companies are striving to ensure fairness between remote and in-person workers, emphasizing a widespread effort in businesses to create balanced work environments for all employees, regardless of their work setup. 

6800  

The UAW (United Auto Workers) has expanded its strike to include Stellantis' pickup truck plant in Michigan, affecting approximately 6,800 workers. This escalation underscores the growing impact of the labor dispute, emphasizing the challenges faced by both the workers and the automotive industry. 

12% 

According to a recent CNBC report, companies like Microsoft and Amazon are at the forefront of shaping AI-enabled hiring policies. These tech giants, along with others, are leading the way by implementing advanced artificial intelligence technologies in their hiring processes, a trend that accounts for about 12% of businesses actively adopting these innovations to streamline their recruitment procedures.