LinkedIn, the social network owned by Microsoft, has decided that they need a second round of layoffs. This time, they are cutting 668 workers from their roles from engineering, product, talent, and finance.
The company used the position of restructuring to justify the cuts. “While we are adapting our organizational structures and streamlining our decision making, we are continuing to invest in strategic priorities for our future and to ensure we continue to deliver value for our members and customers,” they stated. “We are committed to providing our full support to all impacted employees during this transition and ensuring that they are treated with care and respect.”
Earlier in May, LinkedIn had laid off 716 and closed their app in China. That brings the job losses at the social network close to 1,400. Microsoft, for it’s part, laid off around 10,000 people in the first few months of 2023, and they just finished their acquisition of Activision Blizzard.
It’s all to point out that, according to Microsoft, LinkedIn saw earnings growth by 5 percent year-over-year and that membership growth “accelerated for eight straight quarters in a row”.
Source: Engadget
