LinkedIn Lays Off 700 Employees to Optimize AI Capabilities Amid Slowing Growth

LinkedIn announced it will lay off about 3% of its workforce, around 700 employees, as part of efforts to optimize AI capabilities.

The layoffs follow previous cuts of over 700 jobs in May and thousands more by parent company Microsoft this year.

LinkedIn says the job cuts are to "evolve how we work and what we prioritize" to achieve business goals.

LinkedIn continues to grow, with over $15 billion in annual revenue, but growth rate has slowed for 8 straight quarters.

The layoffs affect roles in engineering, product, talent and finance teams across the company.