LinkedIn Lays Off Nearly 700 More Employees Despite Hitting Revenue Milestone, Reflecting Broader Tech Industry AI Shift

LinkedIn is laying off nearly 700 employees across engineering, product, talent and finance teams. This comes after 716 layoffs in May.

Layoffs happening despite LinkedIn reaching $15 billion in revenue for the first time this year.

Layoffs may be related to Microsoft's increased investment into AI like OpenAI and integrating AI into products like Bing.

Layoffs reflect broader tech industry trends, like Stack Overflow layoffs after programmers moved to AI tools.

Layoffs come after Microsoft laid off 10,000 employees in January amid pivoting to AI.