LinkedIn Cuts Headcount by 5% Amid Revenue Surge

Microsoft-owned LinkedIn is reportedly planning to cut its headcount by 5% in a move that affects employees across engineering, product, and marketing roles. The layoffs are part of the company's regular business planning to position itself for future success.

A LinkedIn spokesperson said the move was not related to the adoption of artificial intelligence technology at the social network. The company currently employs over 17,500 full-time workers, meaning a 5% reduction would impact around 875 employees.

LinkedIn's revenue surged by 12% year-over-year in the third quarter, according to Microsoft's results released last month. The company's CEO, Daniel Shapero, stated that LinkedIn's new agentic hiring products crossed $450 million in annual run rate during the quarter.