LinkedIn, owned by Microsoft, has announced its second round of job cuts this year, affecting 668 employees in its engineering, talent, and finance teams. In an email to employees, LinkedIn explained that these layoffs are part of a reorganization to “improve agility and accountability.” This move affects over 3% of the platform’s 20,000-strong workforce. The tech industry has seen tens of thousands of job losses this year due to the uncertain economic outlook.
LinkedIn specified that it would be reducing 563 roles across R&D, including 137 engineering management positions and 38 product roles. They also plan to cut 368 roles across their engineering team. Despite these cuts, LinkedIn mentioned opening a small number of new roles to address critical gaps in their roadmap.
The company acknowledged the importance of the affected employees’ contributions to LinkedIn’s growth and success and expressed its commitment to providing support during the transition.
In a press release, LinkedIn characterized these talent changes as a “difficult but necessary” part of business management. The company also emphasized its ongoing investments in strategic priorities to deliver value for its members and customers.
In response to these cuts, LinkedIn plans to expand its hiring efforts in India, aiming to strengthen its workforce there.
These moves reflect ongoing changes and challenges in the tech industry, including adapting to evolving business needs and an unpredictable economic landscape.
