LinkedIn, the professional networking platform owned by Microsoft, has announced layoffs affecting 4% of its workforce, totaling 716 employees. Despite reporting “record engagement on the platform,” CEO Ryan Roslansky cited shifts in customer behavior and slower revenue growth as the reasons behind the cutbacks. The number of tech workers laid off in the first few months of 2023 has already exceeded the total for 2022, though the exact cause for LinkedIn’s downsizing remains unclear.
