LinkedIn, a professional social media platform owned by Microsoft, has announced that it will lay off around 668 employees across different teams. This is the second round of job cuts that the company has announced this year, with 716 employees being laid off in May. With today’s layoffs, the total number of job cuts at Microsoft-owned LinkedIn reaches 1,384.
LinkedIn has announced that it will cut approximately 668 roles in various departments such as engineering, product, talent, and finance. According to an internal memo, seen by The Insider, 563 of these roles are R&D employees, including 137 Engineering management roles and 38 Product roles.
LinkedIn’s statement on job cuts
In a statement released announcing the layoffs, the company mentioned that they are currently adapting their organisational structures and streamlining their decision-making processes. Despite this, they continue to invest in strategic priorities to secure their future and maintain their commitment to delivering value to their members and customers. The company also expressed their commitment to providing full support to all affected employees during this transition and ensuring that they are treated with care and respect.
“While we are adapting our organisational 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,” reads the statement. “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.”
In May, the company laid off 716 employees with the aim to “re-organize for greater agility and growth.” This time, the cuts are aimed at streamlining our decision-making, according to LinkedIn’s statement.
Microsoft has also cut about 10,000 jobs this year in total, and this new round of job cuts at LinkedIn are in addition to the ten thousands of jobs already sacked.
Sources familiar with the matter told CNBC that LinkedIn is lately ramping up hiring in India.
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