LinkedIn: The premier site to find work is leaving hundreds of its workers out of work

Report Issue

Please complete the required fields.

Your Name

Email

Reason (required)
This post contains broken linksPost has incorrect informationPost has spamCopyright IssueOther

Description

Submit

LinkedIn plans to lay off more than 660 people across its engineering, product, talent and finance teams, it announced Monday — representing more than 3% of the company’s global workforce.

LinkedIn has now seen two major rounds of layoffs this year following its cutting in May of 716 jobs and shuttering of its Chinese app InCareer.

LinkedIn released a slew of new AI product features earlier this month, including an AI-assisted candidate discovery for recruiters, and AI-powered coaching for LinkedIn’s premium subscribers.

“Talent changes are a difficult, but necessary and regular part of managing our business,” the company said in a statement.

“While we are adapting our organizational structures and streamlining our decision making, we are continuing to invest in strategic priorities for our future and to ensure we continue to deliver value for our members and customers.”

“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.”

Those cuts were announced alongside a broader restructuring of the firm’s Global Business Organization.
The job positions are being eliminated as part of broader efforts at the company to optimize around artificial intelligence.

Industry Leaders are Raising Alarm: Artificial intelligence Poses ‘Risk of Extinction