LinkedIn to Lay Off 5 Percent of Global Staff Members
LinkedIn plans to cut 5 percent of its workforce as it reorganizes to focus on growth areas. The move follows a 12 percent rise in recent quarterly revenue.
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LinkedIn (owned by MICROSOFT CORP) will cut approximately 5% of its workforce. The move follows a 12% revenue increase in the most recent quarter for the professional network. Investors are monitoring how the restructuring aligns with Microsoft's efficiency goals.
