FACTBOX: LinkedIn, Xing winning clients as gloom spreads

Wed Nov 26, 2008 9:13am EST
 
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(Reuters) - The financial crisis slamming firms across the globe has sparked a spike in professional online networks usage, as worried workers hedge against losing their jobs and laid-off employees seek new work.

Following are key facts about the two key destinations in online job search:

LINKEDIN

-- has more than 31 million members now, compared with 18 million at start of the year

-- signups from the financial sector, technology, media and education fields have jumped

-- said last month it would cut 36 jobs, or 10 percent of its staff as it focuses on revenue-generating operations

-- says has seen a slight fall in job offers, but no sharp declines

-- as a privately held firm, has not disclosed financial details but has said it has turned to profit. Strategy Analytics has estimated its revenue is likely to reach $100 million this year

-- Offers a business user account costing $19.95 a month, giving wider features. The company has not unveiled how many of its clients are paying members.

XING

-- had 6.5 million users at end-September, up from 4.8 million at start 2008

-- had 513,000 paying users, who have higher-quality contact introductions and more targeted services, vs 362,000 at end-2007

-- charges 5.95 euros ($7.45) a month for premium membership

-- services include recruitment marketing and contact finding in English, German and many other languages

-- said it had seen a boost in traffic toward job adverts

-- is expected to report 2008 sales rising 77 percent to 34.7 million euros, with earnings before interest, tax, depreciation and amortization rising 84 percent to 12.7 million, according to a market consensus provided by the company.

 

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