Layoffs at Linkedin
LinkedIn is reportedly laying off hundreds of employees, marking the latest job cuts at Big Tech companies, states The Seattle Times.
The Microsoft subsidiary’s cuts, first reported by Bloomberg, are expected to affect engineering, product and marketing roles, keeping with the trend of the tech industry’s spree of layoffs over the past year.
The cuts will hit about 5% of LinkedIn’s roughly 17,000-person workforce, according to Reuters.
LinkedIn, owned by Microsoft since 2016, did not respond to a request for comment.
The layoffs, states The Seattle Times, follow a leadership change at LinkedIn. Less than a month ago, LinkedIn Chief Operating Officer Daniel Shapero was tapped as the new CEO. LinkedIn’s previous CEO, Ryan Roslansky, moved to Microsoft last year as an executive vice president overseeing LinkedIn and Microsoft Office.
LinkedIn’s cuts add to Microsoft’s workforce reductions over the past year. Microsoft laid off about 15,000 employees last year as it continued to pour billions of dollars into artificial intelligence investments — costs that are still piling up for the company this year.
