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00:02LinkedIn plans to cut about 5% of its workforce as it reorganizes teams and shifts personnel
00:08toward growing parts of the business, according to Reuters. The Microsoft-owned social network
00:13employs more than 17,500 full-time workers globally, according to its website. Reuters
00:19could not determine which teams would be affected. The layoffs come after LinkedIn reported 12%
00:25revenue growth in the latest quarter, according to Microsoft Securities filings. One source told
00:30Reuters the cuts were not tied to artificial intelligence replacing jobs at LinkedIn.
00:35The report comes as technology companies continue restructuring around AI.
00:40Layoffs.fyi said tech companies have announced more than 103,000 job cuts so far this year,
00:47approaching the more than 124,000 layoffs tracked for all of 2025.
00:52For all things money, visit Benzinga.com.
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