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Posts Tagged ‘employment’

MySpace Axing Employees: Will That Help?

Posted by Vaibhav Kalamdani on June 18, 2009

myspace layoffNews about MySpace pruning a third of its workforce has spread like fire over the Web. The News Corp. owned social networking site is handing over pink slips to 400 people in a bid to restructure the company and revive innovation. The growing competition from Facebook and other rivals clearly seems to be getting on MySpace – the once leading social networking site in US – now dethroned by Mark Zuckerberg’s Facebook.

MySpace realized that its staffing levels were bloated, which hindered its ability to be an efficient and nimble team-oriented firm, according to MySpace CEO Owen Van Natta. The company is aiming at returning to an environment of innovation that is centered on its user and product. Read the rest of this entry »

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LinkedIn Introduces New Search Feature for Recruiters

Posted by Vaibhav Kalamdani on June 17, 2009

linkedin-searchProfessional networking site LinkedIn has rolled out a new and improved search for recruiters to simplify their task of finding passive candidates. The advanced LinkedIn Recruiter feature will allow employers refine their search as per the candidate’s exact details like geography, expertise, education and industry background.

According to Esteban Kozak, Senior Product Manager at LinkedIn, recruiters fully recognize the value of passive candidates, with 60% saying they get better hires when hiring passive talent. They also realize what a great source of passive talent LinkedIn represents, with 93% stating LinkedIn as the most successful hiring site. Read the rest of this entry »

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