New York, Jul 21 (AP) LinkedIn is laying off nearly 1,000 employees, approximately 6% of its workforce globally, with unemployment in the US above 13% and national economies from Europe and Asia, to the Americas, shrinking due to the pandemic.

The outbreak has disrupted commerce globally, closing thousands of businesses while forcing others to furlough large numbers of employees as they await a recovery.

Also Read | Pakistan Violates Ceasefire in Jammu and Kashmir's Sunderbani Sector: Live News Breaking and Coronavirus Updates on July 21, 2020.

Hiring has slowed dramatically. The number of people applying for unemployment aid has remained stubbornly high in the past several weeks, a sign that many businesses are still shedding jobs and clouding the outlook for jobs.

The overall US unemployment rate in May was 13.3%, a decline from 14.7% in April, according to the Labour Department.

Also Read | UK Intelligence Committee Report Says 'Difficult, Not Impossible' to Prove Russia's Meddling in 2016 Brexit Referendum.

In a note to employees at the professional networking site, CEO Ryan Roslansky said the job cuts will hit global sales and hiring sections of the company. He said no further layoffs are planned.

LinkedIn employees in the US will receive at least 10 weeks of severance pay and a year of continuing health coverage through COBRA. Those being laid off will continue in their roles through August 21.

The company, which is owned my Microsoft, is based in Sunnyvale, California. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)