{"id":6330,"date":"2026-05-14T20:47:49","date_gmt":"2026-05-14T20:47:49","guid":{"rendered":"https:\/\/stock999.top\/?p=6330"},"modified":"2026-05-14T20:47:49","modified_gmt":"2026-05-14T20:47:49","slug":"social-media-site-with-1-3-billion-users-sends-harsh-layoffs-message","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=6330","title":{"rendered":"Social media site with 1.3 billion users sends harsh layoffs message"},"content":{"rendered":"<p><\/p>\n<p>LinkedIn built its business around helping people find jobs, grow their careers, and connect with employers.<\/p>\n<p>Now, the Microsoft-owned professional networking platform is delivering difficult news to some of its own workers.\u00a0<\/p>\n<p>This comes within weeks of Microsoft\u2019s voluntary buyouts for its senior-level workers, which apply to 7% of eligible US employees, CNBC reported.<\/p>\n<p>The company is cutting jobs across several teams as it looks to reduce costs, move faster, and rethink how it operates in an increasingly AI-driven tech industry.<\/p>\n<p>The cuts come shortly after Microsoft reported strong quarterly results and LinkedIn posted double-digit revenue growth, creating a painful contrast for employees affected by the move.<\/p>\n<p>LinkedIn cuts jobs across key teams<\/p>\n<p>LinkedIn plans to cut about 5% of its workforce, Reuters reported.<\/p>\n<p>In a memo obtained by Business Insider, LinkedIn CEO Daniel Shapero told employees the company would lay off workers and scale back some investments.<\/p>\n<p>The cuts affect employees across LinkedIn\u2019s Global Business Organization, Marketing, Engineering, and Product teams.<\/p>\n<p>More Layoffs:<\/p>\n<p>E-commerce giant shuts down office as layoffs riseVerizon CEO cuts to the chase on new layoffs and AI futureCloudflare stock plummets 23% amid AI-driven layoffs<\/p>\n<p>The memo did not disclose the total number of affected employees. However, LinkedIn currently has about 17,500 employees globally, so a 5% headcount cut would affect about 875 workers, TechRepublic indicated.<\/p>\n<p>The cuts are not limited to a single office or department.<\/p>\n<p>Employees in Europe, the Middle East, and Africa, as well as the Asia-Pacific region, were notified through calendar invites after the memo went out, according to Business Insider. APAC workers were expected to receive additional notifications in the following days.<\/p>\n<p>For a company whose platform is closely tied to hiring, recruiting, and career growth, the layoffs carry a sharper message.<\/p>\n<p>LinkedIn is not just another tech company cutting staff. It is one of the most visible names in the job market, and its own workforce reductions arrive at a time when many white-collar workers are already worried about job security, automation, and slower hiring.<\/p>\n<p>                        Microsoft&#8217;s stock is down 15% year to date.<\/p>\n<p>Smith Collection&amp;sol;Gado&amp;sol;Getty Images<\/p>\n<p>                    LinkedIn scales back spending<\/p>\n<p>The layoffs are part of a broader effort to reduce costs and focus on areas the company believes will bring stronger returns.<\/p>\n<p>In the memo, Shapero said LinkedIn would scale back spending on marketing campaigns, vendor spending, customer events, and underused office space, which means closures are expected in the near future.<\/p>\n<p>The company is also closing its office in Graz, Austria, as part of the changes, according to the report.<\/p>\n<p>Shapero told employees that LinkedIn needs to \u201creinvent how we work, with agile teams focused on our highest priorities, and by shifting investments toward areas such as infrastructure\u201d to fulfill the company\u2019s mission in the long term.<\/p>\n<p>The company is trying to operate more efficiently while investing in areas it believes will define the next stage of professional networking, recruiting, and workplace technology.<\/p>\n<p>Strong revenue growth adds to LinkedIn&#8217;s layoff pain<\/p>\n<p>The timing of the layoffs is notable because LinkedIn is still growing.<\/p>\n<p>Microsoft reported in its FY26 third-quarter earnings call that LinkedIn, which has 1.3 billion members, achieved a $450 million annualized revenue run rate for Microsoft&#8217;s agentics products used in LinkedIn Talent Solutions.<\/p>\n<p>LinkedIn\u2019s revenue also increased 12% year over year, reported in the company\u2019s fiscal third quarter ended March 31, 2026. The company said LinkedIn saw growth across all lines of business and expects 10% revenue growth going forward.<\/p>\n<p>Microsoft\u2019s broader business also remained strong. In the earnings call, the tech giant reported quarterly revenue of $82.9 billion, up 18% from the same period a year earlier.<\/p>\n<p>The company also noted that its total headcount declined as it focuses on \u201cbuilding high-performing teams that operate with pace and agility.\u201d<\/p>\n<p>LinkedIn\u2019s cuts also come as many large technology companies are changing how they operate in the realm of artificial intelligence.<\/p>\n<p>The memo did not frame the layoffs as AI directly replacing workers. But the changes come as Microsoft continues to spend heavily on AI infrastructure and products, while companies across the technology industry push teams to become more efficient and move faster.<\/p>\n<p>That matters because LinkedIn sits directly at the center of the labor market.<\/p>\n<p>Its platform is used by job seekers, recruiters, employers, and professionals trying to understand where the economy is headed. When LinkedIn itself cuts jobs, the move sends a signal beyond the company\u2019s own workforce.<\/p>\n<p>It reflects a broader shift in the white-collar labor market, where companies can still be growing while also asking workers to do more with fewer resources.<\/p>\n<p>And LinkedIn is not alone in this race to cut costs and streamline operations. Meta is set to cut 8,000 jobs on May 20, paving the way for increased AI spending. Cloudflare recently reported plans to reduce its headcount by 20% to become an AI-first company. Ticketmaster also recently cut 350 workers amid an AI shift.<\/p>\n<p align=\"center\">Related: Ticketing giant sees writing on the wall for 350 workers amid AI shift<\/p>\n<p>#Social #media #site #billion #users #sends #harsh #layoffs #message<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LinkedIn built its business around helping people find jobs, grow their careers, and connect with&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[259],"tags":[552,5588,1209,397,574,572,6430,809,5224],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/6330"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6330"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/6330\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}