- LinkedIn told employees in an email Monday that it’s cutting more than 600 roles.
- The professional networking platform said the cuts will be across its engineering and product team.
- The company confirmed the layoffs in a press release.
LinkedIn is making further cuts to its workforce and laying off more than 600 employees across its engineering and product team.
In an email sent to employees on Monday morning, which was seen by Insider, representatives of the professional networking platform said the company “did not expect to share this important update.”
LinkedIn said it’s cutting hundreds of employees across its R&D divisions. It also gave a breakdown of where the layoffs would take place and said “137 Engineering management roles” and “38 Product roles” were getting cut.
It added that 368 roles would get axed from its engineering team “in an effort to better align resources to our FY24 plan.” Staff were told to expect to receive an email within an hour to find out whether they had been laid off.
LinkedIn said the layoffs will impact about 668 roles in a press release.
“Talent changes are a difficult, but necessary and regular part of managing our business,” the press release said. “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.”
It’s not the first time the company has announced layoffs this year. LinkedIn said in May that it planned to cut about 716 roles from its global workforce.
“While we’re making meaningful progress creating economic opportunities for our members and customers and experiencing record engagement on the platform, we’re also seeing shifts in customer behavior and slower revenue growth,” LinkedIn CEO Ryan Roslansky said at the time. “In an evolving market, we must continuously have the conviction to adapt our strategy in order to make our vision a reality.”
In November 2022, Roslansky told CNBC that the company was planning to implement a hiring freeze across some parts of the company.
LinkedIn is one of several major tech companies that has initiated a series of layoffs this year amid rising economic concerns, including Google, Microsoft, and Meta.
LinkedIn workers first started discussing rumblings of the layoffs on Sunday on the anonymous workplace forum Blind, which requires a company email address to comment, ahead of the company’s email going out on Monday.
Read the full email below:
Team, 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.
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. For those who are directly affected by these changes, you will receive a calendar invitation within the next hour, titled “Required Attendance: R&D Role Reductions”. This meeting will provide you with detailed information on how we we will support you through this transition. If you do not receive this invitation, expected communication from your Product or Engineering Executive leader soon with specifics pertaining to your organization and how we will collectively navigate through these changes. Tomer and I made these decisions with deep consideration towards the long-term needs of our business and with the acknowledgement that every affected individual has played a valuable role in the growth and success of LinkedIn. In the coming days, our focus will be on supporting each other and discussing the ways we will move forward, with our vision, mission and values as our guides. Today, it is imperative that we support our colleagues navigating this transition. Let’s continue to embrace empathy and understanding through these difficult times and use these as a cornerstone for the support we provide each other.
Do you work for LinkedIn or have insight to share? Reach out to the reporters at gkay@insider.com and jmann@insider.com
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