Microsoft-owned LinkedIn fires over 700 employees in fresh round of layoffs
May 10, 2023: In a shocking turn of events, Microsoft-owned professional networking site LinkedIn has announced a fresh round of layoffs that will see 716 employees lose their jobs.
The decision has been met with surprise and disappointment, particularly given the company’s recent growth and success.
According to sources close to the matter, the layoffs are part of a broader restructuring effort aimed at streamlining LinkedIn’s operations and improving efficiency.
While the company has enjoyed significant growth in recent years, it has also faced challenges in terms of profitability and operational performance.
In a statement released to the press, LinkedIn CEO Ryan Roslansky expressed regret at the decision to let so many employees go, but emphasized that it was necessary to ensure the long-term success of the company.
Roslansky acknowledged that the announcement of the layoffs would be a tough pill to swallow for LinkedIn’s employees and their families, and we are doing everything we can to support them during this challenging time,
“At the same time, we are confident that these changes will help us to better serve our customers and continue to grow as a company.”
The news has come as a shock to many in the tech industry, who had viewed LinkedIn as one of the more stable and successful players in the market.
However, the company’s leadership has made it clear that these changes are necessary to ensure continued growth and success in the years to come.
As of now, it remains to be seen how these layoffs will impact the company’s operations and future prospects.
However, for the hundreds of employees who are losing their jobs, the future is uncertain and the road ahead may be a difficult one.
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