LinkedIn Announces Second Round of Layoffs This Year, Cutting 3% of Workforce

LinkedIn is laying off around 668 employees across multiple teams, including engineering, product, talent, and finance.
This is the second major round of layoffs for LinkedIn in 2023, after cutting 716 jobs earlier this year.
The cuts follow slowing revenue growth and reduced hiring demand on the platform.
LinkedIn says the layoffs will help streamline operations and focus on strategic priorities.
Parent company Microsoft has also undergone layoffs this year, cutting around 10,000 jobs.