Posted 3/8/2024, 1:03:00 PM
LinkedIn Premium Subscriptions Surge 25% on AI-Powered Features as Company Eyes More Tools Despite Layoffs
- LinkedIn made $1.7 billion in revenue from premium subscriptions in 2023, a 25% increase over the previous year
- Over 70% of LinkedIn's premium users utilize AI tools for writing assistance and recommendations
- Early tests show 90% of subscribers find the AI-powered job experience tools useful
- LinkedIn plans to roll out more AI features to further assist users' careers, businesses, and job searches
- LinkedIn laid off over 1,400 employees in two rounds of cuts in 2022