[harshulpandav]

LinkedIn would be investing in other parts of the business which would result in some job creation and the firm would "work with employees impacted by today's announcement to explore these opportunities"

Good to know that they will first consider rehiring/interviewing the laid off employees and they are public about it.

Curious question: does the employee get to keep the severance package if rehired after being laid off?

[compiler-guy]

I don't know how linked in is handling it, but in a typical layoff situation (I'm unfortunately familiar with several personally, and many more corporately) if you are rehired after your official termination date, you get to keep whatever the termination package was. The company considers you a new employee.

It needs to be this way for certain legal reasons.

[AlphaSite]

Usually the way it works for our company, they give you a 2/3 month grace period where you stay on the books and get a chance to interview externally or internally and you only get the severance (in addition to the 2/3 months no work period) if you move out of the company.

[vvladymyrov]

Usually there is a wording in a papers that need to be signed in order to get severance - if rehired, severance won't be paid (plus reject the right to litigate). This is easy to implement as severance might be paid in be-weekly cadence (like salary).