Microsoft’s subsidiary social media platform LinkedIn said it was reducing around 668 jobs in the engineering, product, talent and finance teams.
Microsoft’s LinkedIn said Monday that it will cut 668 jobs on the company’s engineering, product, talent and finance teams. The layoffs affect more than 3% of LinkedIn’s staff of more than 20,000. The company said it will remain committed to giving full support to impacted employees during the transition. "Talent changes are a difficult, but necessary and regular part of managing our business," LinkedIn said in a blog post.
6% of total employees, in early May. The tech sector already cut approximately 141,516 employees in the first half of 2023, up more than 2,300% from the over 5,700 cuts announced in the same period a year ago, according to employment firm Challenger, Gray & Christmas. EU OFFICIAL WARNS GOOGLE, YOUTUBE ABOUT HAMAS-ISRAEL DISINFORMATION AND GRAPHIC CONTENT FOR MINORS Layoffs in the tech industry this year have impacted nearly every major firm including Google, Amazon, Yahoo, Meta and Zoom.
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Microsoft-owned LinkedIn lays off nearly 700 employees — read the memo hereRevenue growth at Microsoft’s business social network has slowed as advertisers pull back in an uncertain economy.
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