LinkedIn Cuts 5% of Staff Despite Record Revenue
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- LinkedIn is cutting ~5% of its 17,500 full-time workers starting Wednesday, with layoffs hitting engineering, product, and marketing roles as part of a 100,000-job tech layoff wave this year.
- CEO Dan Shapero told staff the unit must "operate more profitably and deliver increased impact to users," with the cuts coming despite record quarterly revenue and double-digit growth — and parent Microsoft skipping its voluntary retirement program for LinkedIn and going straight to layoffs.
Why it matters: LinkedIn is shedding roughly 900 workers while posting record revenue, framing the cuts as a profitability push rather than a survival move. As a Microsoft subsidiary, LinkedIn skipped Microsoft's voluntary retirement program and went straight to layoffs, and Inc.com's angle that 'AI isn't the reason' cuts against the dominant industry narrative tying every tech cut to AI.
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