LinkedIn cuts 668 jobs in second redundancy round as ‘tech wreck’ worsens
Networking platform LinkedIn has just laid off nearly 700 people in a second redundancy round this year.
Earlier on Tuesday, LinkedIn, which is owned by Microsoft, announced in a blog post that 668 staff across its engineering, talent and finance teams were getting the chop.
The social app blamed sluggish revenue growth on the tough decision.
“Talent changes are a difficult, but necessary and regular part of managing our business,” the firm wrote in a brief announcement.
In May, LinkedIn axed 716 jobs while there are also reports of a reduction in hiring, amid an advertising slowdown.
It comes as tens of thousands of companies have let go of staff amid the “tech wreck” sweeping across the world.
The Tech Industry Is Getting Slaughtered. Layoffs Increasing.
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