Recent reports reveal that professional networking site LinkedIn is reaping the benefits of the recent financial sector crisis.
The site has reported a 17 percent increase in registrations in the last two weeks. They are now claiming to reach 28 million users, up one million from last quarter.
Reports show that memberships from people representing the financial sector have also doubled after thousands of people have been laid off or threatened with termination as closures and mergers usurp industry leaders and rattle the core of the sector.
The site also claims to have seen a 14 percent increase in recommendations, most likely a result of users scrambling to attach praise to their resume in order to find stable jobs in a worsening economy.
Popularity: 11% [?]
September 29th, 2008 at 11:23 am
I think LinkedIn is now the defacto resume database for the U.S. job market.
October 1st, 2008 at 11:41 am
I have to say I have noticed a ton more people on LinkedIn, especially quite senior people. Can’t say if it’s timed with the financial crisis or pre-dates it as I didn’t use it that much earlier this year, but it certainly seems to be 100x more pouplar than this time last year.