The company is optimizing around artificial intelligence.
Share on email plans to lay off more than 660 people across its engineering, product, talent and finance teams, it announced Monday — representing more than 3% of the company's global workforce."Talent changes are a difficult, but necessary and regular part of managing our business," the company said in a statement.
"While we are adapting our organizational 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." "We are committed to providing our full support to all impacted employees during this transition and ensuring that they are treated with care and respect."Founded in 2002, LinkedIn is one of the oldest social networking sites that is still growing today. Until recently, Microsoft's $26.2 billion purchase of LinkedIn in 2016 was its largest acquisition ever.Its user base has now grown for consistently quarter-over-quarter for the past two years.
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2023 Layoff Tracker: LinkedIn Cutting Over 600 JobsI am a Boston-based reporter. Before joining Forbes, I covered the environment, local government and the arts for a small-town newspaper on Nantucket. My previous work includes NPR, WBUR, WCAI and Nantucket Today. I am a graduate of the University of Massachusetts, Amherst, with a degree in political science. Email me at bbushardforbes.
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