Microsoft-owned LinkedIn lays off nearly 700 employees — read the memo here

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Microsoft-owned LinkedIn lays off nearly 700 employees — read the memo here
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Microsoft-owned LinkedIn announced Monday that it cut almost 700 employees, with most coming from the engineering organization, according to a memo...

Microsoft-owned LinkedIn announced Monday that it cut almost 700 employees, with most coming from the engineering organization, according to a memo viewed by CNBC. Cuts also came in the company’s finance and human resources groups, according to a person familiar with the situation who asked to remain unidentified because they were not authorized to discuss the changes.

The reductions come as the business-oriented social network has seen year-over-year revenue growth slow for eight consecutive quarters. It grew just 5% in the second quarter, even as membership growth has accelerated each...Judge at Trump’s NY civil fraud trial slams hand on bench, loses his cool during testimony: ‘This is ridiculous!’

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