LinkedIn announced it will cut 668 jobs this week amid troubling times for tech workers.
A sculpture on a terrace outside the offices of LinkedIn is shown on Sept. 22, 2016, in San Francisco. LinkedIn said Monday, Oct. 16, 2023, it is laying off hundreds of workers. The Microsoft-owned career network is cutting about 668 …The site, which helps professionals connect with employers, made the announcement Monday, saying the restructuring is necessary to streamline decision-making.
The layoffs come after the company fired over 700 workers in May while citing financial troubles and shifts in customer behavior. Yet as other tech companies fired workers in preparation for increasing interest rates and a possible recession, LinkedIn has seen customer traffic improve dramatically. That’s likely because of artificial intelligence. The site has used the technology to assist job recruiters in their search for new hires.
The company reported increased financial growth in its most recent report, surpassing $15 billion in revenue, and expanded membership to nearly 900 million.
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LinkedIn lays off 668 employees as hiring activity slowsMicrosoft's (MSFT.O) LinkedIn said on Monday it would lay off 668 employees across its engineering, talent and finance teams in the second round of job cuts this year for the social media network for professionals as demand for hiring services slows.
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LinkedIn Lays Off 668 EmployeesMicrosoft's LinkedIn said Monday it would lay off 668 employees across its engineering, talent and finance teams in the second round of job cuts this year for the social media network for professionals as demand for hiring services slows.
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Microsoft's LinkedIn laying off nearly 700 workersMicrosoft’s subsidiary social media platform LinkedIn said it was reducing around 668 jobs in the engineering, product, talent and finance teams.
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LinkedIn lays off more than 600 workers, about 3% of workforceLinkedIn said Monday it is laying off hundreds of workers. The Microsoft-owned career network is cutting about 668 roles across its engineering, product, talent and finance teams. The job cuts follow another more than 700 layoffs LinkedIn announced in May, as well as thousands more this year from parent company Microsoft.
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LinkedIn cuts more than 600 workers, about 3% of workforceThe Microsoft-owned career network is cutting about 668 roles across its engineering, product, talent and finance teams.
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