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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
30-Oct-2024 🤖 LinkedIn launches AI hiring assistant, automates HR tasks
  • LinkedIn launches Hiring Assistant AI tool.
  • Aims to automate recruiter tasks and improve hiring.
09-May-2023 📉 LinkedIn slashes over 700 jobs amid slower revenue growth
  • LinkedIn cuts 716 jobs amid slowing revenue.
  • InCareer platform shut down to refocus on China.
01-Mar-2022 📈 LinkedIn acquires Israel-based analytics firm
  • LinkedIn acquires Oribi for analytics boost
  • New office in Tel Aviv to enhance marketing insights
15-Oct-2021 📉 LinkedIn will shut down social features in China due to “greater requirements”
  • LinkedIn to shut its social platform in China.
  • New job matching app InJobs to replace it.
23-Apr-2020 💼 LinkedIn’s $10M series B pitch deck
  • LinkedIn raised US$10 million from Greylock Partners.
  • Pitch deck highlights market leadership and growth.

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