LinkedIn is the latest tech company to announce layoffs.
More than 191,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.The data show that 2023 has surpassed 2022 for global tech redundancies, with 660 tech companies... More than 191,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.
The CEO explained that, while InCareer has experienced some success in China, it “also encountered fierce competition and a challenging macroeconomic climate.”LinkedIn has more than 19,000 employees, according to its website. “So far we’ve gone through two of the three waves of restructuring and layoffs that we had planned for this year — in our recruiting and technical groups,” said Meta CEO Mark Zuckerberg during a conference call to discuss the company’s first-quarter results on April 26. “In May we’re going to carry out our third wave across our business groups.”Zuckerberg has previously described 2023 as a “year of efficiency” for the company.
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