has announced job cuts for over 600 employees which will take effect on July 13, according to a report in New York Post.
The report cited a Worker Adjustment and Retraining Notification (WARN) filing, which showed that 606 LinkedIn employees were informed of permanent layoffs last week.
The announcement comes as amid an aggressive artificial intelligence push.
Earlier this month, news agency Reuters had reported that LinkedIn planned plans to cut about 5% of its headcount as it reorganizes teams and focuses personnel on areas where its business is growing. LinkedIn employs more than 17,500 full-time workers globally, its website says.
The job cuts come as revenue at LinkedIn, which sells recruiting tools and subscriptions, rose 12% YoY in the quarter that ended on 31 March, according to Microsoft’s securities filings.
Locations, Roles affected most
Layoffs predominantly struck LinkedIn’s Mountain View office in California, where over 350 employees were asked to leave. 66-odd remote employees based in California were also sacked.
Another 108 employees were laid off in San Francisco, 59 in Sunnyvale and 21 in Carpinteria.
The layoffs follow an internal memo from LinkedIn CEO Daniel Shapero sent last week and detailed in a report by Business Insider.
“We need to reinvent how we work, with agile teams focused on our highest priorities, and by shifting investments toward areas such as infrastructure to fulfill our mission and vision over the long term. This requires hard prioritisation and tradeoffs,” Shapero’s memo reportedly read.
“Today I’m sharing the difficult decision that I, along with our leadership team, have made to reduce roles across GBO, Marketing, Engineering and Product,” he added.
LinkedIn is also reportedly reducing spending on marketing campaigns, vendor expenses, customer events and office space.
LinkedIn’s parent company Microsoft has also announced buyout offers that could affect nearly 7% of its 125,000-person workforce, or around 8,750 employees.