LinkedIn is planning to trim half of its employees by year end Disclaimer: not sure if this is 100% Note: because people asking this is coming from investor community If you think I am BSing then look at my earlier posts Which apparently became true Whoever is thinking 10B revenue is justified for 20K employees. Snap is 5B revenue with 5K employees and they are not doing good and laying off people "RUMORS: google laying off another 20k (Tech Industry)" https://us.teamblind.com/s/2JNnf7FB "RUMOR: snap 1k and meta 8k layoffs (Tech Industry)" https://us.teamblind.com/s/ZpFqOjUk
I already started seeing layoff post on LinkedIn, around 700+ people
Of LinkedIn employees ?
Yes Linkedin employees are posting
When Google?
This days 700 out of 20k. That’s 3.5%.
Oh LinkedIn calls 3.5% as layoff? That's not even half of PIP percentage at Amazon.
When did linkedin make a profit ? Good time is over. You don't need 20k people for a digital resume and job ads board
Isnt linkedin profitable?
You tell me how 27k people building a resume website makes a profit.
Google laying off 20k is true? I must have missed it
Does LinkedIn lay employees off by email, or do they just log into their LinkedIn account and see that their profile is switched to “Open to Work”?
LinkedIn has 27k people. They are not going to cut 13k 😑 Those 700 are barely 2.5%
Half is insane So much for the one recession proof company I hope this isn’t true
Why ? I think Meta can lay off 25k more and there wouldn't be anything that gets affected. I think it's better to do one deep cut than do it over 3 , 4 or 5 rounds and then still look confused as to what the company wants to do
This HCL dude is just here to shit on everyone else.
Msft will probably rhe first to cut based on AI efficiency ..
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