Wednesday, April 24, 2024
ad
HomeNewsLinkedIn Announces to Lay Off Almost 700 of its Employees to Improve...

LinkedIn Announces to Lay Off Almost 700 of its Employees to Improve Efficiency

This is LinkedIn’s second round of layoffs in the same calendar year.

LinkedIn is going through a second round of layoffs that will see 3% of the company’s workforce leaving among their 20,000 employees. 

The Microsoft-owned company on Monday decided to axe nearly 700 of its employees across its engineering, talent, and finance teams. 

According to the email sent by LinkedIn to its employees, the decision is taken to ensure improved agility, accountability, transparency, and efficiency through reduced layering. 

Read More: Meta Prepares for Another Round of Layoffs Across Facebook, WhatsApp, and Instagram

Back in May, LinkedIn laid off around 700 employees worldwide and scaled down its presence in China, citing a shaky job market and decreased demand. 

LinkedIn’s parent company, Microsoft, also initiated a global workforce reduction, joining other tech giants like Meta, Google, and Amazon, resulting in more than 200,000 job cuts in the tech sector. These job cuts in the tech sector are primarily due to a global recession, an uncertain economy, and investment in artificial intelligence. 

LinkedIn is heavily investing in artificial intelligence and has unveiled a range of AI-driven tools designed to assist in marketing, recruitment, and sales. 


Subscribe to our newsletter

Subscribe and never miss out on such trending AI-related articles.

We will never sell your data

Join our WhatsApp Channel and Discord Server to be a part of an engaging community.

Boudhayan Ghosh
Boudhayan Ghosh
I am a Journalism and Communication graduate, currently working with Analytics Drift as an Associate Technology Journalist. My other hobbies include consuming art and watching football.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular