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 »
https://bit.ly/2WGsHWK

Why an early exec quit unicorn food delivery startup Deliveroo to launch a food business in the middle of a pandemic

* A former Deliveroo exec has launched a market food hall startup in the middle of COVID-19. * Dan Warne was managing director of the unicorn startup until 2019, but has now launched Sessions Market as a community food hall concept to rejuvenate UK towns after the pandemic. * Warne says he hopes to bring his experience from Deliveroo, particularly about customer behavior, to the analogue world of food halls. * The first venue, Shelter Hall on Brighton seafront, launches July 4. * Visit Business Insider's homepage for more stories. On Saturday, the UK's bars, restaurants, and cinemas will fling their doors open to customers for the first time since a strict lockdown commenced in late March. Given continued public health concerns around the coronavirus pandemic, it might be unwise to open a new food business right now. But Dan Warne, a former high-level executive at British unicorn startup Deliveroo, has launched Sessions Market, a series of community-orientated food hal...

The $136,000 Maserati Levante GTS is a drool-worthy preview of what Ferrari's SUV could be like (FCAU)

* I tested a 2020 Maserati Levante GTS SUV that with thousands in options stickered at approximately $136,000. * The Maserati Levante GTS has a 550-horsepower, twin-turbocharged V8 engine, plus a gorgeous red interior. * The Levante GTS is beautiful, powerful, and fast. That puts it near the top of the luxury, high-performance SUV segment. * But competition is coming — and the Levante is a great preview of what Ferrari may put on the road in the next few years. * Visit Business Insider's homepage for more stories. Let's say you want a Ferrari, but you hail from a strange region where nobody is taught the lore of Maranello sports cars. An SUV is just your style, you decide. So you swing by your friendly neighborhood prancing horse dealership one day and ask if you can look at a couple of utes. The dealer would thank you for your interest and slip you the business card of a colleague who represents Maserati, which since 2016 has been selling the Ferrari of SUVS, right dow...

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...

Real IT Center