LinkedIn is cutting 960 jobs as the pandemic puts the brakes on corporate hiring

* LinkedIn is cutting 960 jobs, amounting to 6% of its global workforce. * The job cuts come as the pandemic has reduced demand for LinkedIn's recruitment products. * "I want you to know these are the only layoffs we are planning," CEO Ryan Roslansky said in a statement. * Visit Business Insider's homepage for more stories. Microsoft Corp's professional networking site LinkedIn said on Tuesday it would cut about 960 jobs, or 6% of its global workforce, as the coronavirus pandemic is having a sustained impact on demand for its recruitment products. California-based LinkedIn helps employers assess a candidate's suitability for a role and employees use the platform to find new job. Jobs will be cut across sales and hiring divisions of the group globally. Announcing the plan in a message posted on LinkedIn's website, Chief Executive Ryan Roslansky said the company would provide at least 10 weeks of severance pay as well as health insurance for a year for US employees, and will hire for newly-created roles from laid-off staff. "I want you to know these are the only layoffs we are planning," Roslansky said in his message. Affected staff, who have not yet been told, would be able to keep company-issued cell phones, laptops, and recently purchased equipment to help them work from home while making career transitions, he said. As lockdowns to contain the coronavirus have hit businesses around the world, LinkedIn's business has been hit as companies lay off staff or sharply curtail hiring. LinkedIn said employees affected by its job cuts will be informed this week and they will start receiving invitations in the next few hours to meetings to learn more about next steps. "If you don't receive a meeting invite, you are not directly impacted by this change," Roslansky said. Join the conversation about this story »
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Here's an exclusive look at the pitch deck London fintech Lanistar used to raise $19 million at a $190 million valuation

* London-based fintech startup Lanistar has raised a £15 million ($19 million) funding round from Milaya Capital. * Founded in 2019, Lanistar is building a personal financial management platform that will launch later in 2020. * "We're expecting a huge amount of growth upon our launch and have already seen strong interest among our sign ups," Gurhan Kiziloz, founder and CEO of Lanistar, told Business Insider. * Visit Business Insider's homepage for more stories. The coronavirus lockdown in the UK has brought the importance of managing money into sharp relief. A recent study from Money.com shows that 71% of UK households have saved cash during lockdown, and, with uncertainty about jobs and the economy looming, money management is now front of mind for many. Lanistar, a banking platform with a focus on personal finance, is one company offering tools for consumers to better manage their money. It has just raised a £15 million ($19 million) funding round from Mil...

How a trusted investor saved Attentive CEO Brian Long from building a 'disaster'

* Attentive is a buzzy New York ad tech startup. * But it might never have been born if investor Scott Friend, a partner with Bain Capital Ventures, hadn't told founder and CEO Brian Long that his original idea for the company was mediocre. * Friend and Long had met and grew to trust one another when Friend invested in Long's previous startup, TapCommerce, which sold to Twitter for $100 million in 2014. * Long had VCs pounding down his door offering excellent terms for his second idea, he told Business Insider. He had the product built and a big customer. * But Friend convinced him that his idea wouldn't pan out in the long run, Friend told us. * Because Long trusted Friend, he listened and Attentive was born: a company that makes a mobile messaging app used by over 3,000 brands and organizations, including Coach, Sephora. * Here's how their friendship helped turn Attentive into a company that might "go on forever." * Visit Business Insider's homepa...

SpaceX has a 'go' from NASA to return 2 astronauts to Earth on Sunday as Hurricane Isaias threatens several Florida splashdown locations

* NASA on Saturday gave SpaceX a "go" to undock the company's first crewed space mission, called Demo-2, and land it on Sunday evening. * Hurricane Isaias complicated original plans to return two astronauts to Earth aboard SpaceX's Crew Dragon spaceship in the Atlantic Ocean. * Elon Musk's aerospace company may now try to splash down NASA astronauts Bob Behnken and Doug Hurley in the Gulf of Mexico. * Two out of seven total landing sites near Florida must have good weather conditions, and NASA has until about 5 p.m. ET on Saturday to call off the undocking. * Should the weather worsen, NASA and SpaceX can try again a day later or some other date over the next two months. * Visit Business Insider's homepage for more stories. Astronauts Bob Behnken and Doug Hurley have a "go" to return to Earth this weekend and wrap up an historic space mission for both NASA and SpaceX. Behnken and Hurley launched to orbit aboard SpaceX's Crew Dragon vehic...

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