Professional online social network LinkedIn is going to lay off staff from sales, operations and support teams. Although this decision has been taken to streamline the operations of the company, the company will hire 250 new employees.
The LinkedIn CEO Ryan Roslansky informed it in a letter to employees.
A LinkedIn spokesperson said that employees who will be laid off this time will also be able to apply for new jobs at the company.
Earlier in February, LinkedIn laid off staff from its recruiting department. Last January, Windows maker Microsoft announced 10,000 layoffs, which is about 5 percent of the company’s total workforce. Microsoft-owned LinkedIn laid off workers within a month of the announcement.
Meanwhile, LinkedIn says its job app ‘InCareer’ will be discontinued in China due to the challenging environment. The operation of the app will be stopped by August 9. However, even if the app is closed, the company will work differently in China. So that companies operating in China can be assisted to recruit and train workers outside the country.
On the other hand, according to layoffs.fyi, a website that monitors layoffs in the technology sector, 270,000 tech workers have been laid off worldwide in the last 6 months. And 5000 workers were laid off in May alone.
Recently, the multinational company Amazon laid off 27 thousand workers. This is the largest layoff in the company’s history. Apart from this, Meta, the parent company of Facebook, WhatsApp and Instagram, has laid off 21,000 workers and Google’s mother company, Alphabet Inc., has laid off 12,000 workers.
At the end of 2022, large technology companies including Google, Meta, and Twitter started laying off workers for the first time in the world. That trend still continues. Apart from technology institutes, layoffs are going on from various other sectors including finance, media, automotive.