Looking for a Job on LinkedIn? Microsoft Announces ChatGPT Bot to Assist and Guide You in Finding the Right Job

Technology

LinkedIn Unveils AI-Driven Tools for an Elevated Job Search Experience. A Virtual Career Coach Chatbot Provides Support for Job Opportunities, Skill Enhancement, and Company Insights, Addressing Common Job-Seeker Concerns and Boosting Confidence in Pursuing Opportunities

LinkedIn is rolling out AI-powered tools to elevate the job search experience, featuring a chatbot acting as a virtual career coach. This chatbot provides guidance on job opportunities, skills enhancement, and company details, aiming to address common concerns among job-seekers and instill confidence in pursuing opportunities.

According to Quartz, Tomer Cohen, LinkedIn’s Chief Product Officer, emphasizes that these AI tools are designed not only to deliver information but also to boost users’ confidence. They serve as a bridge between job-seekers and available positions, streamlining the job search process. However, it’s important to note that the job search feature is exclusively available for Premium LinkedIn members.

LinkedIn is also launching “Takeaways,” an AI feature providing personalized post summaries with tailored advice, empowering users with knowledge to enhance their professional growth.

In a recent announcement, LinkedIn disclosed another round of layoffs affecting approximately 668 positions in the engineering, product, talent, and finance departments. These layoffs are part of LinkedIn’s effort to address slow year-over-year revenue growth spanning eight consecutive quarters. Despite steady membership growth over the past two years, Microsoft, LinkedIn’s parent company, reported only a 5 percent revenue increase in the second quarter. To boost revenue, Microsoft is focusing on operational improvements and key initiatives, aligning with LinkedIn’s FY 24 plan.

LinkedIn, in an official blog post, stated, “Talent changes are a difficult, but necessary and regular part of managing our business. The changes we shared with our team today will result in a reduction of approximately 668 roles across our engineering, product, talent and finance teams.”

These layoffs, representing 3 percent of LinkedIn’s workforce, supplement the 10,000 job cuts announced by Microsoft in January and July. With overall revenue growth declining, CEO Satya Nadella aims to reduce costs across the company and prioritize revenue. In an official memo seen by CNBC, LinkedIn executives Mohak Shroff and Tomer Cohen mentioned, “As we continue to execute on our FY24 plan, we need to also evolve how we work and what we prioritize so we can deliver on the key initiatives we’ve identified that will have an outsized impact in achieving our business goals. This means adapting our organizational structures to improve agility and accountability, establishing unambiguous ownership and driving improved efficiency and transparency through reduced layering.

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