this post was submitted on 17 Oct 2023
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161
LinkedIn lays off 668 employees in second cut this year (www.reuters.com)
submitted 1 year ago by [email protected] to c/[email protected]
12 comments fedilink hide all child comments
 

LinkedIn lays off 668 employees in second cut this year::Microsoft's LinkedIn said on Monday it would lay off 668 employees across its engineering, talent and finance teams in the second round of job cuts this year for the social media network for professionals amid slowing revenue growth.

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[–] [email protected] 31 points 1 year ago (1 children)

The LinkedIn employees on Blind (an anonymous social media site for tech workers) are beyond pissed, no justification for this beyond greed.

[–] [email protected] 19 points 1 year ago (1 children)

As they should be. Personally I think this has more to do with a certain $29b tax bill Microsoft just got.

[–] [email protected] 16 points 1 year ago (1 children)

Didn't they spend $69B to buy Blizzard?

[–] [email protected] 4 points 1 year ago

Companies don't acquire other companies with cash, it's an obscure mixture of stocks being exchanged