LinkedIn said Monday it is laying off hundreds of workers.
LinkedIn said Monday it is laying off hundreds of employees amounting to about 3% of the social media company's workforce.The Microsoft-owned career network is cutting about 668 roles across its engineering, product, talent and finance teams. 'Talent changes are a difficult, but necessary and regular part of managing our business,' the company said in a statement.
LinkedIn keeps growing and said its annual revenue surpassed $15 billion for the first time in the fiscal year that ended in June. The service, headquartered in Sunnyvale, California, makes money from advertisements on the platform as well as from users who pay to subscribe for premium features.LinkedIn reports having about 19,500 employees.Redmond, Washington-based Microsoft as of July had a global workforce of 221,000 full-time employees, with more than half of those in the U.S.
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LinkedIn lays off 600+ workers in second round of cuts this yearLinkedIn has announced its second round of job cuts this year. It's shedding 'approximately 668 roles across our engineering, product, talent and finance teams.'
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LinkedIn cutting more than 600 jobs as demand for hiring services slowsThe cuts, which affect more than 3% of the 20,000-strong staff, add to the tens of thousands of job losses this year in the technology sector amid an uncertain economic outlook.
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2023 Layoff Tracker: LinkedIn Cutting Over 600 JobsI am a Boston-based reporter. Before joining Forbes, I covered the environment, local government and the arts for a small-town newspaper on Nantucket. My previous work includes NPR, WBUR, WCAI and Nantucket Today. I am a graduate of the University of Massachusetts, Amherst, with a degree in political science. Email me at bbushardforbes.
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LinkedIn cuts more than 600 workers, about 3% of workforceLinkedIn said Monday it is laying off hundreds of workers
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LinkedIn cuts more than 600 workers, about 3% of workforceLinkedIn said Monday it is laying off hundreds of workers
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LinkedIn announces another round of layoffs, cutting over 600 employeesLinkedIn is set to cut over 600 employees in a new round of layoffs, citing the need for 'talent changes' to manage their business effectively.
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