LinkedIn plans 5% workforce reduction amid ongoing tech sector layoffs - Storyboard18

LinkedIn is planning to lay off about 5% of its 17,500 staff as part of a reorganization, according to a report by Storyboard18. The move comes despite the company reporting 12% revenue growth. The layoffs are part of a broader restructuring aimed at accelerating growth and efficiency.

The cut affects approximately 875 employees. The company stated that the reorganization is intended to streamline operations and better align resources with strategic priorities.

The job cuts reflect a continued trend of cost-cutting and reorganization in the technology industry, even among companies reporting revenue growth.