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LinkedIn's Employee Announcement: 600+ Layoffs Revealed


*In an internal communication on Monday, LinkedIn conveyed its decision to reduce its workforce by over 600 positions to employees.

*The premier professional networking platform has revealed that the reductions will span across its engineering and product divisions.

*The corporation officially announced the workforce reductions through a press release.

LinkedIn is taking additional steps to streamline its workforce, resulting in the departure of over 600 employees from its engineering and product departments.

In a Monday morning email, which was brought to Insider's attention, representatives of the professional networking platform conveyed that the company hadn't initially anticipated disclosing this significant update.

LinkedIn has announced its decision to reduce its workforce significantly within its Research and Development (R&D) departments. The company also provided specific details, stating that "137 Engineering management positions" and "38 Product roles" will be affected.

The company also outlined its intention to reduce its engineering team by 368 positions, a move designed to realign resources in accordance with our FY24 plan. Employees were informed that they could expect to receive an email notification within the hour to determine their employment status.

In a press release, LinkedIn confirmed that the staff reductions will affect approximately 668 positions.

The press release emphasized that talent changes, although challenging, are an essential and routine aspect of business management. It further highlighted the company's commitment to adapting its organizational structures, streamlining decision-making processes, and persistently investing in strategic priorities to secure a valuable future for its members and customers. The statement also underlined the company's unwavering commitment to supporting affected employees throughout the transition, with a strong focus on ensuring their respectful and considerate treatment.

This year has seen multiple announcements of layoffs from the company. Back in May, LinkedIn revealed its intention to reduce its global workforce by approximately 716 positions.

LinkedIn CEO Ryan Roslansky noted, "Even as we make substantial strides in fostering economic opportunities for our valued members and customers, with record-breaking engagement on our platform, we are not oblivious to the evolving landscape of customer behavior and the deceleration in revenue growth. In this dynamic market, we remain steadfast in our commitment to adapt our strategy continually, ensuring the realization of our visionary goals."

In a November 2022 interview with CNBC, Roslansky revealed the company's intentions to institute a hiring pause in specific areas of the organization.

LinkedIn joins a group of prominent technology firms that have embarked on a series of staff reductions this year in response to mounting economic uncertainties. Notable members of this group include Google, Microsoft, and Meta.

The initial conversations about LinkedIn's layoffs emerged among its employees on Sunday, within the confines of an anonymous corporate forum called Blind. This platform mandates the use of a company email address for participation, preceding the official company communication sent out on Monday.

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