LinkedIn Layoffs
October 2023
LinkedIn announced a layoff affecting 660 employees (3% of its workforce) in October 2023. The company operates in the Recruiting sector.
660
3%
Oct 16, 2023
About
On October 16, 2023, LinkedIn, the Microsoft-owned professional networking platform, announced it would lay off 668 employees. This follows a previous round of 716 layoffs in May 2023, bringing the total job cuts for the year to 1,384. The majority of the latest reductions, about 563 positions, are within research and development, affecting engineering, product, talent, and finance teams. The company, which reported over 950 million members and $15 billion in revenue, stated the layoffs are part of adapting its organizational structure and streamlining decision-making while continuing to invest in strategic priorities. This move aligns with a broader trend of over 242,000 layoffs in the tech sector in 2023 and reflects LinkedIn's ongoing shift, including a focus on integrating more AI-powered tools and talent into its operations.
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