LinkedIn 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.
FILE - 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 roles across its engineering, product, talent and finance teams. SUNNYVALE, Calif. — 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.Thousands of US workers are on strike today. Here’s a rundown of major work stoppages happening now
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.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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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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