LinkedIn To Lay Off Hundreds of People Amid Broader Restructuring

LinkedIn plans to lay off more than 660 people across its engineering, product, talent and finance teams, it announced Monday -- representing more than 3% of the company's global workforce. From a report: LinkedIn has now seen two major rounds of layoffs this year following its cutting in May of 716 jobs and shuttering of its Chinese app InCareer. Those cuts were announced alongside a broader restructuring of the firm's Global Business Organization. The job positions are being eliminated as part of broader efforts at the company to optimize around artificial intelligence. LinkedIn released a slew of new AI product features earlier this month, including an AI-assisted candidate discovery for recruiters, and AI-powered coaching for LinkedIn's premium subscribers.

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