LinkedIn is cutting about 5% of its workforce as part of a company-wide restructuring, even as the Microsoft-owned platform continues to post revenue growth. The layoffs come as CEO Daniel Shapero told staff the company needs to “reinvent how we work” and shift resources toward its highest priorities.
The reductions affect roughly 875 employees out of more than 17,500 global full-time workers, according to reports citing people familiar with the matter and LinkedIn’s own headcount disclosure. The cuts span the company’s Global Business Organization, marketing, engineering and product teams, Business Insider reported.
In the internal memo, Shapero said LinkedIn would scale back spending on marketing campaigns, vendor costs, customer events and underused office space. Affected employees were told they would receive a calendar invite within an hour of the message, according to Business Insider.
The restructuring lands at a time when LinkedIn’s business is still growing. Microsoft filings showed LinkedIn revenue rose 12% in the most recent quarter, reflecting faster growth momentum for the platform. Reuters also reported that the layoffs were not being driven by artificial intelligence replacing jobs, despite wider industry anxiety over automation.
LinkedIn said in a brief public statement that the changes were part of “regular business planning” intended to position the company for future success.
Read Article: India and UAE Announce $5 Billion Investments Alongside New Energy and Defence Deals
