Advertisement
Singapore markets open in 5 hours 44 minutes
  • Straits Times Index

    3,303.66
    +12.96 (+0.39%)
     
  • S&P 500

    5,223.22
    +0.54 (+0.01%)
     
  • Dow

    39,459.69
    -53.15 (-0.13%)
     
  • Nasdaq

    16,391.03
    +50.17 (+0.31%)
     
  • Bitcoin USD

    62,984.34
    +1,705.01 (+2.78%)
     
  • CMC Crypto 200

    1,290.95
    +30.74 (+2.44%)
     
  • FTSE 100

    8,414.99
    -18.77 (-0.22%)
     
  • Gold

    2,342.20
    -32.80 (-1.38%)
     
  • Crude Oil

    79.14
    +0.88 (+1.12%)
     
  • 10-Yr Bond

    4.4810
    -0.0230 (-0.51%)
     
  • Nikkei

    38,179.46
    -49.65 (-0.13%)
     
  • Hang Seng

    19,115.06
    +151.38 (+0.80%)
     
  • FTSE Bursa Malaysia

    1,602.91
    +2.24 (+0.14%)
     
  • Jakarta Composite Index

    7,099.26
    +10.47 (+0.15%)
     
  • PSE Index

    6,604.25
    +92.32 (+1.42%)
     

Here's what LinkedIn's CEO said to motivate employees after its stock was slashed by 40%

jeff weiner
jeff weiner

(Chip Somodevilla/Getty)
LinkedIn CEO Jeff Weiner

When LinkedIn's stock nose-dived last week after earnings, even its CFO admitted he was "pretty surprised" by its skid.

The social network for professionals lost more than 40% of its value in one day, slicing $10B off its market cap.

At an all-hands last week, LinkedIn's CEO Jeff Weiner tried to reassure employees and remind them that's it not about whether or not you'll experience this issue, but how you get through it.

"We are the same company we were the day before our earnings announcement. I'm the same CEO I was the day before our earnings announcement. You're the same team you were the day before our earnings announcement. And most importantly, we have the same mission, vision, and sense of purpose in terms of our ability to create economic opportunity. None of that has changed," Weiner said in the all-hands meeting. "It hasn't changed one iota."

ADVERTISEMENT

What did excite Weiner was the World Economic Forum report that showed that 5 million jobs would be displaced by emerging technologies by 2020. Innovation is moving too fast and outstripping the ability to train people for the jobs that will be here in the future, he said, summarizing the report.

"Does that sound familiar to anyone?" he said with a smile. "It should, because that's been our narrative for years."

Weiner believes LinkedIn's role will be helping the individuals in the workforce keep up with innovation, and hinted a new holistic plan for the company to do it. While the video of the meeting, released by LinkedIn, cut off before that plan was revealed, Weiner said if the company executes on it, "our valuation will take care of itself."

Here's a portion of his speech:

Jeff Weiner at Bi-Weekly Company Meeting 2.10.16 from LinkedIn

NOW WATCH: 5 insider tips for getting noticed on LinkedIn



More From Business Insider