Tuesday, 29 April 2025
29.2 C
Singapore
30.3 C
Thailand
26.5 C
Indonesia
28.9 C
Philippines

LinkedIn announces another round of layoffs, over 600 positions affected

LinkedIn, backed by Microsoft, unveils a second round of layoffs for 2023, affecting 668 jobs across various departments.

LinkedIn, a subsidiary of Microsoft, has rolled out another round of job cuts this year, impacting around 668 employees across different departments, including engineering, product, talent, and finance.

Adapting to strategic priorities while supporting affected employees

In an official statement, LinkedIn expressed its intent to adapt organisational structures and streamline decision-making processes while continuing to focus on strategic priorities for future growth. They assured the provision of comprehensive support for all the affected employees throughout this transition, emphasising a commitment to handling the situation with care and respect.

“While we are adapting our organisational 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 statement read. “We are committed to providing our full support to all impacted employees during this transition and ensuring that they are treated with care and respect.”

Earlier in May, the company had shared its decision to lay off 716 individuals and shut down its job search application in China. This means, by now, LinkedIn has reduced nearly 1,400 positions in 2023 amidst a larger trend of layoffs sweeping across the tech sector. This comes after Microsoft’s recent acquisition of Activision Blizzard at a whopping US$68.7 billion, followed by its own layoff of around 10,000 employees during the initial months of 2023.

LinkedIn’s performance and upcoming financial disclosure

Despite the layoffs, LinkedIn’s financial performance was on a positive trajectory. In the earnings report for April to June released by Microsoft, it was highlighted that LinkedIn saw a five per cent increase in earnings compared to the previous year. The report also mentioned a consistent acceleration in membership growth for eight consecutive quarters, boasting a strong user base of over 950 million members. Microsoft has scheduled the release of financial results for the July to September quarter, marking the first quarter of its fiscal year, on October 24.

Hot this week

xAI’s Grok chatbot now lets you ask questions about what you see

Grok’s new Vision tool lets iPhone users ask questions about what they see. Updates also add real-time voice search and memory features.

Why OpenAI chose Windsurf after Cursor said no to being bought

OpenAI considered buying Cursor but moved on to Windsurf with a US$3B offer after Cursor’s parent company, Anysphere, chose to stay independent.

AMD optimizes models for faster generative AI performance with Amuse 3.0

AMD announces optimised models for faster AI performance with Amuse 3.0, featuring enhanced photo filters, video diffusion, and more.

Bluesky outage raises questions about decentralisation in practice

Bluesky, a decentralised social platform, went offline briefly, raising fresh questions about how decentralisation works.

XPENG unveils AI-powered innovations and supercharged EVs at Auto Shanghai 2025

XPENG launches AI brain, 10-minute charging EV, and IRON humanoid robot at Auto Shanghai 2025, setting new mobility benchmarks.

India could manufacture all US-bound iPhones by the end of 2026

Apple plans to manufacture all iPhones for the US market in India by the end of 2026 to avoid China tariffs and secure its supply chain.

Razer Launches Pro Click V2 and V2 Vertical Mice: Blending Gaming and Productivity

Razer's new Pro Click V2 and V2 Vertical mice offer gaming precision and ergonomic comfort, with AI prompt access and long battery life, available now!

Nintendo Pop-Up Store and Mario Kart Fun Return to Jewel Changi Airport

Experience the magic of Nintendo at Jewel Changi Airport with the return of the Pop-Up Store and the exciting Mario Kart Jewel Circuit Challenge!

Lian Li’s new Lancool 207 Digital case brings a 6-inch LCD screen to your PC

Lian Li's Lancool 207 Digital PC case brings a bright 6-inch LCD screen to your setup, offering style, function, and full customisation.

Related Articles

Popular Categories