
LinkedIn To Reportedly Cut About 5% Of Workforce In Reorganization

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LinkedIn, owned by Microsoft, plans to cut about 5% of its workforce, affecting several hundred jobs, as part of a reorganization effort. This move aligns with a trend among tech companies to streamline operations. Despite a 12% revenue growth reported in Microsoft's latest quarterly results, LinkedIn is adjusting its workforce to position for future growth. This restructuring follows broader changes at Microsoft, which has also offered voluntary buyouts, amidst over 100,000 job cuts in the tech sector this year.
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