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The Microsoft-owned social media platform LinkedIn is laying off nearly 700 employees, it said in 

About 668 positions across the company's engineering, product, talent and finance departments will be eliminated. The announcement comes after the company 

LinkedIn said it is restructuring the company and “streamlining our decision making.”

“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,” LinkedIn said. 

 released in July, LinkedIn said its revenue increased 5 percent year over year and surpassed $15 billion for the first time. Website membership also grew for the past eight quarters to more than 950 million accounts. 

LinkedIn said in its May layoff announcement that despite revenue and user growth, it has been “seeing shifts in customer behavior and slower revenue growth.”

Microsoft CEO Satya Nadella said at the time the company is “seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one.”

across the tech industry, including at Amazon, Google and Meta.    

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Ayana Archie

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The popular professional networking site is laying off people in positions across its engineering, product, talent and finance departments. 

LinkedIn is laying off nearly 700 employees

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