Microsoft LinkedIn LinkedIn cuts 668 jobs, involving engineering, talent and finance teams

CTOnews.com, Oct. 16 (Xinhua) Microsoft's LinkedIn (LinkedIn) announced on Monday local time that it will lay off 668 employees from its engineering, talent and finance team in the second round of layoffs this year due to slowing demand for recruitment services.

The layoffs, which account for about 3% of Microsoft's 20,000 employees, have once again exacerbated tens of thousands of layoffs in the technology industry this year.

According to employment firm Challenger, Gray & Christmas, the tech industry has cut 141516 jobs in the first half of this year, compared with about 6000 in the same period last year, according to Tuyuan Pexels.

According to public data, LinkedIn is an Internet professional social networking site that makes money by selling ads and charging recruiters and salespeople who use the network to find suitable candidates.

CTOnews.com found that the social networking site also had a round of layoffs in May this year. At the time, they said that in order to make faster decisions, they decided to cut 716 positions in the sales, operations and support teams to streamline their operations and eliminate hierarchies.