LinkedIn will lay off about 668 employees across multiple teams, the Microsoft-owned company announced Monday.
It’s the second time LinkedIn has announced cuts this year; laid off 716 employees in May, saying at the time that the move was aimed at “reorganizing for greater agility and growth.” This time, the cuts are about “streamlining our decision-making,” according to LinkedIn’s statement. Microsoft has also recently announced several rounds of layoffs, including the 10,000 positions it eliminated earlier this year.
LinkedIn, meanwhile, is growing. Its revenue topped $15 billion for the first time last fiscal year. And recently there have been numerous headlines about its resurgence. Take, for example, this story in the Financial Times this past weekend headlined “Influencers and CEOs Take Their Brands to LinkedIn.”
Like almost every tech company these days, LinkedIn has leaned aggressively into AI this year, putting out tools to generate profiles and job descriptions and “AI-powered conversation starters.” It is also rumored to be developing an AI job coach.
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