Microsoft's LinkedIn to announce layoffs on Wednesday

LinkedIn is set to announce job cuts on Wednesday. The Microsoft-owned company plans to lay off approximately 5% of its workforce. This move comes as LinkedIn reorganizes its teams. The company is focusing employees on growing business areas. Reve...

Microsoft's LinkedIn to announce layoffs on Wednesday
LinkedIn is preparing to announce layoffs on Wednesday, two people familiar with the matter told Reuters, in a ‌widening ⁠of technology ⁠sector cuts this year.

The Microsoft-owned social ​network plans to cut about 5% of ​staff as it reorganizes teams and focuses employees on areas where its ​business is growing, ⁠said one ‌of the people, on ​condition ​of anonymity.

LinkedIn's headcount is more ⁠than 17,500 full-time employees globally, its ​website says. Reuters was unable ​to determine the teams affected.


The cuts come as revenue at LinkedIn, which sells recruiting tools and subscriptions, rose 12% in ‌the just-ended quarter from a year prior, in an acceleration of growth in ⁠2026, according to Microsoft's securities filings.

The layoff rationale was not for artificial intelligence ​to replace jobs at LinkedIn, one of the people told Reuters.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Tech & Internet › Microsoft's LinkedIn to announce layoffs on Wednesday
Text Size:AAA
Success
This article has been saved

*

+