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With working in banking/finance I.T. I've been advised by auditors not to be on LinkedIn due to the potential for security breaches. That said, I don't know much about the site other than my husband who feels it has been quite beneficial. His job (technical writer) was outsourced to India in early October 2010 and he spent a lot of time on the site with favorable results. He has been to two interviews as well as landing a 2-year contract with H-P because of his LinkedIn connections. He has connected a few of his contacts regarding jobs and I know of one person who was hired as a result.