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LinkedIn planning to lay off 5% of staff in latest tech-sector cuts: Report
The cuts will affect engineering, product and marketing roles as LinkedIn seeks greater impact and profitability, with more than 17,500 employees globally.
- On Wednesday, Microsoft-owned LinkedIn announced it will cut about 5% of its global workforce, affecting engineering, product, and marketing roles as the company reorganizes to focus on growing business areas.
- Chief executive Daniel Shapero stated in an internal memo that LinkedIn must "deliver increased impact" and "operate more profitably"; he clarified the cuts are not intended to allow artificial intelligence to replace jobs.
- These reductions occur despite strong financial performance; LinkedIn reported revenue rose 12% in the most recent quarter, while the division is overseen by executive vice president Ryan Roslansky.
- LinkedIn's move follows a broader wave of industry retrenchment; Layoffs.fyi has tracked more than 103,000 technology sector cuts so far this year, with companies like Block and Cloudflare also announcing large reductions.
- Microsoft has steadily pared jobs in recent years to support margin-straining infrastructure build-outs for AI services, reflecting a wider corporate effort to balance aggressive AI investment with necessary cost control.
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52 Articles
The scariest part of LinkedIn’s layoffs isn’t the number of jobs cut
LinkedIn on Wednesday joined what’s become a near-daily drumbeat of layoff announcements among tech companies. The Microsoft-owned company will reportedly eliminate about 5% of its headcount, which might total roughly 875 employees based on the latest headcount estimate. The cuts are part of a broader reorganization, as LinkedIn CEO Daniel Shapero detailed in an internal memo to staff. As has been true among several other tech companies recently…
Coverage Details
Total News Sources52
Leaning Left10Leaning Right8Center7Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 28%
R 32%
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