LinkedIn today announced that the professional social network has 50 million users worldwide. Perhaps more impressive is its claim that it is growing by "roughly one new member per second."
The company says that when it launched back in 2003, it took 477 days to reach its first million member milestone. The 50th million came much easier, however, in jus 12 days.
Twitter is a tool that can mean a lot of different things to a lot of different people. It can also mean a lot of different strategies and opportunities for a lot of different businesses. More and more companies and jobseekers alike are using the social network/microblogging platform as a way to find and fill jobs.
According to comScore, one of the fastest growing online categories over the past year has been Job Search. This is not surprising news by any means.
Facebook is reportedly planning on expanding its staff by up to 50% this year. CEO Mark Zuckerberg delivered this news to Bloomberg, saying the economy has provided a "great environment" for them, because nobody else has been hiring.
LinkedIn has launched new custom company profiles. These let companies and other organizations create rich, multimedia overviews of what they are all about for prospects to view and engage with.
The custom company profile displays content that company's can easily tailor and update, and the content dynamically adapts to the viewers, based on their industry, job function, location, and seniority. This is good for targeting.
Today Yahoo! released what it refers to as the first performance-based online recruitment product, Yahoo! HotJobs Pay Per Candidate. The new HotJobs feature lets recruiters pay for candidates instead of just per listing.
The idea is that this will help recruiters tie their dollars directly to their results. The recruitment community will get its first look at the product at the upcoming Society for Human Resource Management conference starting June 28 in New Orleans.
MySpace just announced that it is cutting its staff by nearly 30%. The company says this is part of a plan to restucture itself into a more innovative, efficient, and entrepreneurial business.
The Monster Employment index, which is a monthly gauge of U.S. online job demand, went down 29% in the past year. It actually went down a couple points after rising slightly in April. It might not be all bad news though.
Earlier this year, Google laid off about 200 employees in the sales and marketing department. Head of Sales, Tim Armstrong also left the company to become CEO of AOL. Armstrong then got Senior Google sales executive Jeff Levick to go with him.
Update: VentureBeat reports: "We’ve learned that Massive, the company’s in-game advertising business, suffered something like 75 percent layoffs."
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