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Bad News For Workers Is Good News For Linkedin
Where everyone else sees economic gloom and doom, Reid Hoffman sees opportunity.
As the freshly minted CEO of LinkedIn (and its founder), he is shepherding a moneymaking tech company in battered Silicon Valley. And he anticipates more growth next year.
That is no small achievement. The social-networking site, which lets business professionals create online profiles to seek jobs and network, is adding members faster than ever despite its own recent layoffs and a management shake-up.
With fewer jobs available, Hoffman and others expect a rush in online business networking. “Many people — employed or not — will do project work as consultants, and look for clients,” he says.
“Every individual is a small business or brand,” Hoffman says.
Photo by Linkedin.
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SEO Software on January 9th, 2009 8:42 am
I’ll admit, I’ve thought more about LinkedIn lately than I did last year!
Jaclyn on January 9th, 2009 1:35 pm
It is very true what they say…one person’s less fortunate situation is anothers fortune and way of life.
Daniel N. Lang on January 10th, 2009 9:52 am
I also think this economic slowdown could create a lot of new opportunities. But probably they won’t compensate for the massive losses caused by the crisis. There will be a lot of people suffering and I guess only a small percentage of the people working for the big players like GM, Chrysler and Ford, that are on the street now, could be viewed as “a small business or brand”. They’ve been employed for too long and can’t just change that rapidly.
I’m also thinking about getting self-employed these days because I guess I’ve figured out some opportunities after coming back from a 2 years cycling around the world vacation.
cassy on January 23rd, 2009 4:01 pm
great post and also interesting economic slowdown are open many people a chance to find other ways on how to value money, and it made them think to inevest their money on a good way and start new business.coz there are lots of oppotunuities even if the economy is down!
Kandra Mcchain on February 6th, 2011 1:39 am
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