Posted 10/16/2023, 9:02:08 PM
LinkedIn Lays Off Hundreds More Employees Amid Tech Industry Slowdown
- LinkedIn, owned by Microsoft, cut 668 jobs (3% of workforce) on Monday, its 2nd round of layoffs this year
- Cuts affect engineering, product, talent and finance teams
- In May, LinkedIn laid off 716 employees citing slowing revenue growth
- Over 200,000 tech employees laid off in 2023 amid hiring pullbacks by companies like Google, Meta, Amazon
- LinkedIn revenue grew 5% last quarter to over $15 billion, driven by recruiting business
