LinkedIn announces second round of job cuts, to let go of nearly 700 employees
The company has sent a mail to all employees about this
LinkedIn has reportedly announced another round of layoffs. The move is expected to affect nearly 700 roles across engineering, product, talent, and finance teams.
According to reports, LinkedIn has written a mail to its employee informing them about the job cuts.
“We did not expect to share this important update with you all in the midst of such challenging times but in the spirit of clarity, Tomer and I wanted to share some news regarding changes we are making to our orgs. As we continue to execute on our FY24 plan, we need to also evolve how we work and what we prioritize so we can deliver on the key initiatives we've identified that will have an outsized impact in achieving our business goals. This means adapting our organizational structures to improve agility and accountability, establishing unambiguous ownership, and driving improving efficiency & transparency through reduced layering,” the mail stated.
“These decisions result in the reduction of 563 roles across R&D. Broken down, there are 137 Engineering management roles and 38 Product roles being reduced. Additionally, there will be 368 role reductions across our Engineering team in an effort to better align resources to our FY24 plan, and we will open a small number of new roles to fill critical gaps in our ambitious roadmap,” the letter read further.
