LinkedIn laying off nearly 700 workers, second cut in months

Just months after laying off around 716 employees in May, LinkedIn is pulling out the axe again.

In a blog post on Oct. 16, the Microsoft-owned social media platform said it’s eliminating approximately 668 roles across its engineering, product, talent, and finance teams. 

“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 post reads.

“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.”

The announcement comes a few days after Microsoft got the green light from Britain’s top competition watchdog to acquire video game giant Activision Blizzard for US$69 billion.

According to news outlets, including Reuters, the latest round of job cuts affects more than three per cent of LinkedIn’s 20,000-person workforce.

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