business / news / / Times of India
Microsoft-owned LinkedIn is reportedly laying off hundreds of employees across multiple teams.
LinkedIn is laying off approximately 875 employees, about 5% of its global workforce.
KEY POINTS
- Job cuts affect Global Business Organization, marketing, engineering, and product teams.
- LinkedIn is closing its Graz, Austria office and scaling back marketing, vendor, and event spending.
- Parent company Microsoft plans $190 billion in AI infrastructure expenditures this year.
- LinkedIn recently offered long-tenured employees severance packages of up to 39 weeks of base pay.
COMPANIES
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