Almost 700 people may be rendered jobless at LinkedIn as the job-focused social-media platform tries to reorganise and become more agile.
This is the second round of job cuts at LinkedIn this year, and will impact over three per cent of its workforce, which is presently 20,000 strong. About 700 were asked to leave only a few months ago.
This time, at least 500 from the research and development division will be asked to leave, along with about 137 from engineering and about 38 from the product team. Some from the talent and finance teams are also likely to be affected. With these cuts, the total number of cuts in 2023 will touch about 1,400 in 2023.
The platform has stated in an e-mail to employees that it is in the process of streamlining its processes and decision-making and is keen to keep investing in priority areas so that the firm’s future is secure and stable.
The company assures complete support to the laid-off employees so that they experience a smooth and respectful transition.
The platform has informed its employees that it has felt the need to evolve the work style and concentrate on areas that will help achieve the firm’s business goals. To achieve this, the organisation needs to restructure with an eye on agility and accountability. It is hoped that this will establish clear ownership and ensure more efficiency and transparency.
It is speculated that LinkedIn will most likely focus more on hiring talent from the artificial intelligence domain. It is a known fact that AI-driven articles drive the maximum traffic to LinkedIn. Therefore, the focus on AI is understandable.
