LinkedIn's CEO Jeff Weiner didn't waste time in addressing the crash with all of his 9,200 employees. During a biweekly all-staff meeting on Wednesday, Weiner boosted morale by affirming that LinkedIn's mission -- to create economic opportunity -- hasn't changed, that LinkedIn's mission responds to proven, global demand and that the company has a plan to move ahead.
"We are the same company we were a day before our earnings announcement," Weiner said. "The question isn’t whether or not companies are going to experience this kind of issue. The question is how companies navigate through it."
Weiner cited World Economic Forum data predicting that globally, 5 million net jobs will be replaced by 2020 as a result of emerging technologies.
"There is no company in the world that is better positioned to help individuals, the people they care about, the people that work for them, to navigate these increasingly uncertain economic times," Weiner said.
Instead of downplaying the importance of the stock drop, Weiner used it as an opportunity to say LinkedIn has a great plan, the strongest roadmap it has had during his seven-year tenure. Weiner closed by saying that if the company can execute this plan, the "valuation will take care of itself."
LinkedIn's head of marketing and corporate communications Shannon Brayton shared a clip of Weiner's pep talk in a LinkedIn post on Friday. The full clip can be viewed here:
