LinkedIn Layoffs 716 employees | TodayPassion


The latest addition to the list of tech companies announcing job cuts is LinkedIn, owned by Microsoft. This employment-oriented social media platform revealed on Monday that it will eliminate 716 positions and discontinue its local jobs application in China. Despite quarterly revenue growth last year, LinkedIn with its 20,000 employees, follows its parent company and other significant tech firms in downsizing their workforce due to the weakened global economic outlook. This information comes from Reuters.

LinkedIn generates revenue through advertising sales and subscriptions purchased by recruiters and sales professionals who use the platform to locate potential employees. In a letter to employees, CEO Ryan Roslansky explained that the company’s reducing workforce was intended to simplify its operations and eliminate bureaucratic layers to facilitate faster decision-making.

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