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LinkedIn cuts 200 jobs amid declining ad sales revenue
LinkedIn has laid off about 200 employees from its engineering and customer support teams in the last two weeks.
This reduction represents approximately 1% of its total workforce, according to The Information.
The professional networking platform, owned by Microsoft, has already eliminated around 2,000 positions in 2023.
The layoffs are attributed to reduced revenue and weaker advertising sales.
Recent LinkedIn developments
| Timeline |
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30-Oct-2024 🤖 LinkedIn launches AI hiring assistant, automates HR tasks
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09-May-2023 📉 LinkedIn slashes over 700 jobs amid slower revenue growth
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01-Mar-2022 📈 LinkedIn acquires Israel-based analytics firm
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15-Oct-2021 📉 LinkedIn will shut down social features in China due to “greater requirements”
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23-Apr-2020 💼 LinkedIn’s $10M series B pitch deck
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