![]() ![]() Whether it’s worker displacement, the skills gap, youth unemployment, or socio-economic stratification, the impact on society will be staggering. In the last three weeks alone, Foxconn announced it will replace 60,000 factory workers with robots, a former CEO of McDonald’s said given rising wages, the same would happen throughout their franchises, Walmart announced plans to start testing drones in its warehouses, and Elon Musk predicted fully autonomous car technology would arrive within two years. Remember that dystopian view of the future in which technology displaces millions of people from their jobs? It’s happening. While this has always been top of mind for me, it’s never been more so than now. Regardless of the ups and downs, we’ve come out the other side knowing beyond a shadow of a doubt, this is the best thing for our company.Įvery day I come to work, I’m primarily guided by two things:įirst, realizing our mission and vision. Every member of the exec team has experienced the same, but we’ve had months to process. You might feel a sense of excitement, fear, sadness, or some combination of all of those emotions. No matter what you’re feeling now, give yourself some time to process the news. ![]() Today’s announcement, that LinkedIn will be combining forces with Microsoft, marks the next step in our journey together, the next stepping stone toward realizing our mission and vision, and in remaining CEO of the company, the next chapter in the greatest professional experience of my life. Our team has grown from 338 people to over 10,000, our membership from 32M to over 433M and our revenue from $78M to over $3 billion.ĭespite those accomplishments, we’ve only just begun to realize our full potential and purpose: Our mission to connect the world’s professionals to make them more productive and successful, and our vision to create economic opportunity for every member of the global workforce. Never in my wildest dreams, could I have imagined what would happen in the next 7½ years. My rationale for joining LinkedIn was simple: The opportunity to work with Reid Hoffman, a founder I greatly admired and respected to join an extremely talented and dedicated team and to massively scale LinkedIn’s membership and business, both of which had the potential to fundamentally transform the way the world connects to opportunity. Read it below.ĭecember 15th, 2008, marked the first day of the best job I’ve ever had. LinkedIn CEO Jeff Weiner also wrote a memo for their employees. You can read Satya Nadella’s email to Microsoft employees regarding this acquisition here. Microsoft has even posted a public presentation on why this acquisition is a great deal. In other words, by lowering the cost per user, LinkedIn found that companies are buying access for more users, and thereby increasing the overall amount of money they're spending with the company.As you all know, Microsoft today surprised everyone by announcing that they are acquiring LinkedIn for $26 billion. ![]() "And so we went back to the drawing board and thought through that business model and are now able to effectively reduce the cost per seat or cost per user while materially expanding the footprint within the organization, and the net result is more budget being allocated to LinkedIn," he said. Weiner, who joined Microsoft's senior leadership team as part of the $26.2 billion acquisition in 2016, said the program has led to positive results for the group: But we knew that everyone within the organization who is related to that process could benefit through the tool. We're starting to gain some traction with what we call the Talent Solutions Enterprise Program, which has revisited our business model and has broadened the potential addressable opportunity within the customers already served, who may have said that they didn't necessarily have the budget to reach their entire force of recruiters and sourcers and hiring managers - that they were purchasing products, pretty high-ticket item, for the people who use us most intensively. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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