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LinkedIn announced today that it will be laying off 668 employees across its engineering, product, talent, and finance teams.
This is the second round of layoffs for LinkedIn this year, bringing the total number of affected employees to 1,384. The first round happened back in August.
In a statement, LinkedIn said that the layoffs are necessary to “adapt our organizational structures and streamline our decision making.” The company also said that it is committed to providing full support to all impacted employees during this transition.
“We are continuing to invest in strategic priorities for our future and to ensure we continue to deliver value for our members and customers,” says the Microsoft-owned LinkedIn in the official announcement.
The layoffs come at a time when the tech industry is facing a number of challenges, including rising inflation, supply chain disruptions, and the ongoing war in Ukraine.
A number of other tech companies, including Meta, Twitter, and Netflix, have also laid off employees in recent months.
Snap also planned to lay off roughly 170 employees, and Google slashed “hundreds” of company recruiters.