LinkedIn plans 5% workforce cut, Reuters says while tech layoffs top 100,000 in 2026

Invezz
2026.05.13 17:47
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LinkedIn plans to cut 5% of its workforce, affecting over 17,500 employees, as part of an organizational restructuring to align with faster-growing business areas. This decision comes amid a wave of tech layoffs in 2026, with over 100,000 tech workers losing jobs this year. Despite LinkedIn's revenue growth of 12% in the latest quarter, the layoffs reflect broader industry trends influenced by AI developments and efficiency initiatives. Other tech companies, including Block and Cloudflare, have also announced significant staff reductions recently.