News

LinkedIn Lays Off 716 Employees

The Microsoft-owned LinkedIn careers site described plans to cut 716 personnel in a Monday announcement.

As part of the job cuts, the company is ending its Global Business Organization, with the existing Product and Engineering teams taking up the slack.

LinkedIn also is curtailing its business approach in China by eliminating its InCareer jobs app "by August 9, 2023." Going forward, LinkedIn's work in China will instead focus on "assisting companies operating in China to hire, market, and train abroad."

Despite the overall layoffs, LinkedIn still plans to hire "more than 250 new roles for specific segments of our operations, new business and account management teams starting on May 15." This approach was described as "aligning our teams for growth."

LinkedIn CEO Ryan Roslansky described the layoffs as a hard decision to address a rapidly changing business landscape. The macroeconomic environment for LinkedIn's fiscal-year 2024 is expected to "remain challenging," he added, and so the company will "continue to manage our expenses as we invest in strategic growth areas."

Back in February, LinkedIn cut an undisclosed number of its talent acquisition team. That cut, as well as the present one, are occurring during a time of low unemployment in the United States, with jobs still getting added during a recession. The U.S. Bureau of Labor Statistics (PDF download) reported 253,000 more nonfarm jobs were added in April, which is about half the January jobs addition count.

Microsoft in January had announced a 10,000 jobs cut to take place through March 2024, citing inflationary pressures, but it's unclear if LinkedIn's cuts were related. Microsoft's fiscal-year 2023 Q3 earning report, released in April, showed LinkedIn delivering an 8% increase in revenue.

LinkedIn's layoff was reported in a Tuesday LinkedIn News post, which tracks layoffs more generally.

About the Author

Kurt Mackie is senior news producer for 1105 Media's Converge360 group.

Featured

  • Microsoft Appoints Althoff as New CEO for Commercial Business

    Microsoft CEO and chairman Satya Nadella on Wednesday announced the promotion of Judson Althoff to CEO of the company's commercial business, presenting the move as a response to the dramatic industrywide shifts caused by AI.

  • Broadcom Revamps VMware Partner Program Again

    Broadcom recently announced a significant update regarding its VMware Cloud Service Provider (VCSP) program, coinciding with the release of VMware Cloud Foundation (VCF) 9.0, a key component in Broadcom’s private cloud strategy.

  • Closeup of the new Copilot keyboard key

    Microsoft Updates Copilot To Add Context-Sensitive Agents to Teams, SharePoint

    Microsoft has rolled out a new public preview for collaborative "always on" agents in Microsoft 365 Copilot, bringing enhanced, context-aware tools into Teams channels, meetings, SharePoint sites, Planner workstreams and Viva Engage communities.

  • Windows 365 Cloud Apps Now Available for Public Preview

    Microsoft announced this week that Windows 365 Cloud Apps are now available for public preview. This aims to allow IT administrators to stream individual Windows applications from the cloud, removing the need to assign Cloud PCs to every user.