Report: LinkedIn makes job cuts to position for ‘future success’ amid record quarterly revenue
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LinkedIn is laying off workers in engineering, product, and marketing, with reports indicating a 5% reduction of its 17,500 employees. CEO Daniel Shapero announced the cuts as part of organizational changes for future success, despite the company achieving over $5 billion in quarterly revenue for the first time. This move follows a series of layoffs at Microsoft, which acquired LinkedIn a decade ago. Microsoft has also implemented voluntary retirement offers and management restructuring, while denying a direct link between layoffs and AI automation.
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