LinkedIn Lays Off Nearly 700 Employees Worldwide – Gizmodo

LinkedIn, the business social networking platform owned by Microsoft, announced Monday it is laying off 668 employees, amounting to more than 3% of its staff, as part of its alleged organizational restructuring efforts. The decision marks the second round of mass layoffs at LinkedIn this year and will impact employee roles in engineering, product, talent and finance teams.Warning! Microsoft Wants ChatGPT to Control Robots Next“Talent changes are a difficult, but necessary and regular part of managing our business,” the company said in a statement. “While we are adapting our organizational structures and streamlining our decision-making, we are continuing to invest in strategic priorities for our future and to ensure we continue to deliver value for our members and customers.”The layoffs affect the nearly 20,000 employees across LinkedIn’s 36 offices based both in the U.S. and abroad. This comes as the company announced it surpassed $15 billion in revenue for the fourth quarter of fiscal year 2023. LinkedIn reportedly saw a 5% year-over-year growth, with 7% growth in constant currency, the company says in its statistics page.“As we continue to execute on our FY24 plan, we need to also evolve how we work and what we prioritize so we can deliver
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