Tech Trends & Innovation: The Latest in Tech News
LinkedIn, the professional social network where people search for work, is shedding jobs.
The Microsoft-owned tech company has cut 281 workers in California, a notice filed this week to the California Employment Development Department shows.
Earlier this month, Microsoft said that it was terminating 3% of staff, or about 6,000 workers. The layoffs affected its California employees and LinkedIn workers.
LinkedIn is among major tech companies that have slashed their workforces this year. Meta, Google, Autodesk and other tech companies have also been cutting workers, citing various reasons, including restructuring, investments in artificial intelligence and low worker performance.
LinkedIn, headquartered in Sunnyvale and Mountain View, notified its employees about the layoffs on May 13. Workers posted about their pink slips on the social network, letting hiring managers and recruiters know that they were open to work.
The company didn’t respond to a request for comment. Its website says it has roughly 18,400 employees and offices in more than 30 cities globally.
LinkedIn’s California layoffs affected workers at its offices in San Francisco, Mountain View, Carpinteria and Sunnyvale. More than half of those cuts hit its workforce in Mountain View.
Software engineers were heavily impacted by LinkedIn’s California layoffs, according to data provided to the state. Talent account directors, senior product managers and other workers also lost their jobs.
The cuts come as tech companies are releasing more artificial intelligence-powered tools that can generate code. Executives have also said that would impact engineering jobs.
Microsoft Chief Executive Satya Nadella said in April that as much as 30% of the company’s code is written by AI. Nadella spoke during a conversation with Meta Chief Executive Mark Zuckerberg at the social network’s AI developer conference.
As Microsoft competes to release more AI tools, the company has said that it’s trying to increase how fast it moves by reducing the number of managers and cutting down on redundancies.
It’s the latest cost-cutting round at LinkedIn. In 2023, the company laid off nearly 700 employees and said that it was trying to improve agility and accountability as part of a reorganization effort.
Microsoft purchased LinkedIn for $26 billion in 2016. In April, the company reported that its revenue in the third fiscal year quarter reached $4.3 billion in the third fiscal year quarter, up 7% over last year.
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