Current:Home > MyLinkedIn cuts more than 600 workers, about 3% of workforce-Angel Dreamer Wealth Society D1 Reviews & Insights
LinkedIn cuts more than 600 workers, about 3% of workforce
View Date:2024-12-23 16:08:18
SUNNYVALE, Calif. (AP) — LinkedIn said Monday it is laying off hundreds of employees amounting to about 3% of the social media company’s workforce.
The Microsoft-owned career network is cutting about 668 roles across its engineering, product, talent and finance teams.
“Talent changes are a difficult, but necessary and regular part of managing our business,” the company said in a statement.
The job cuts follow another more than 700 layoffs LinkedIn announced in May, as well as thousands more this year from parent company Microsoft, which has owned the professional-networking service since buying it for $26 billion in 2016.
LinkedIn keeps growing and said its annual revenue surpassed $15 billion for the first time in the fiscal year that ended in June. The service, headquartered in Sunnyvale, California, makes money from advertisements on the platform as well as from users who pay to subscribe for premium features.
LinkedIn reports having about 19,500 employees.
Redmond, Washington-based Microsoft as of July had a global workforce of 221,000 full-time employees, with more than half of those in the U.S.
It’s adding thousands more as part of its $69 billion acquisition of California video game-maker Activision Blizzard, which closed Friday. As of late last year, Activision Blizzard reported having 13,000 employees.
veryGood! (199)
Related
- Martin Scorsese on the saints, faith in filmmaking and what his next movie might be
- Hawaii wildfire victims made it just blocks before becoming trapped by flames, report says
- Garth Brooks to end Vegas residency, says he plans to be wife Trisha Yearwood's 'plus one'
- This Weekend Only: 40% Off Large Jar Yankee Candles! Shop Pumpkin Spice, Pink Sands & More Scents for $18
- Summer I Turned Pretty's Gavin Casalegno Marries Girlfriend Cheyanne Casalegno
- Selling Sunset's Emma Hernan Slams Evil Nicole Young for Insinuating She Had Affair With Married Man
- Jurors help detain a man who flees a Maine courthouse in handcuffs
- Should Dolphins QB Tua Tagovailoa retire? Hall of Famer Tony Gonzalez advises, 'It might be time'
- Kennesaw State football coach Brian Bohannon steps down after 10 seasons amid first year in FBS
- The Flash’s Grant Gustin and Wife LA Thoma Welcome Baby No. 2
Ranking
- Democrat Janelle Bynum flips Oregon’s 5th District, will be state’s first Black member of Congress
- 6 teenage baseball players who took plea deals in South Dakota rape case sentenced
- State Department diplomatic security officer pleads guilty to storming Capitol
- Disney, DirecTV reach agreement in time for college football Week 3
- Man found dead in tanning bed at Indianapolis Planet Fitness; family wants stricter policies
- Going once, going twice: Google’s millisecond ad auctions are the focus of monopoly claim
- Sonya Massey family joins other victims of police violence to plead for change
- 3 are killed when a senior living facility bus and a dump truck crash in southern Maryland
Recommendation
-
College Football Playoff ranking release: Army, Georgia lead winners and losers
-
This Weekend Only: 40% Off Large Jar Yankee Candles! Shop Pumpkin Spice, Pink Sands & More Scents for $18
-
Another player from top-ranked Georgia arrested for reckless driving
-
Sony unveils the newest PlayStation: the PS5 Pro. See the price, release date, specs
-
Military veteran gets time served for making ricin out of ‘curiosity’
-
Boar's Head to close Virginia plant linked to listeria outbreak, 500 people out of work
-
Things to know about about the deadly wildfire that destroyed the Maui town of Lahaina
-
Harris is promoting her resume and her goals rather than race as she courts Black voters