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LinkedIn plans to inform employees on Wednesday that it will cut about 5% of its workforce.
LinkedIn will cut about 5% of its workforce despite 12% revenue growth last quarter.
KEY POINTS
- The layoffs are part of an internal reorganization shifting staff to faster-growing business segments.
- AI is not directly responsible for LinkedIn's layoffs, but it influences staffing strategies across tech.
- Tech sector layoffs in 2024 already exceed 103,000, nearing last year’s full total of 124,000.
COMPANIES
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