LinkedIn to downsize by 700 in second round of job cuts this year

LinkedIn will cut 668 employees, the Microsoft-owned professional networking company said on Monday.

The cuts will take place across the company’s engineering, talent and finance teams, affecting more than three per cent of its total staff numbers.

This is the second time in 2023 that LinkedIn has carried out cuts, after eliminating 716 roles across sales, operations and support teams in May.

In a blog post, the company said: “Talent changes are a difficult, but necessary and regular part of managing our business. The changes we shared with our team today will result in a reduction of approximately 668 roles across our engineering, product, talent and finance teams.”

The tech sector has undergone major downsizing in the past 12 months, with companies like Meta, Twitter – now X – and Google cutting tens of thousands of staff. According to employment firm Challenger, Gray & Christmas, the tech sector laid off 141,516 employees in the first half of 2023 alone.

Microsoft’s blog post added: “While we are adapting our organisational structures and streamlining our decision making, we are continuing to invest in strategic priorities for our future and to ensure we continue to deliver value for our members and customers.”

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