LinkedIn Layoff: There is going to be layoff for the second time this year in social media platform LinkedIn. This Microsoft-owned company gave this information in a statement on Monday. After laying off more than 700 employees in May this year, LinkedIn is now going to lay off 668 more employees. The victims of this layoff are going to be employees working in engineering, talent and finance teams.
Read also, 2000 people laid off, more people will be employed in this company!
Tech companies made large scale layoffs this year
Due to the fear of recession in America and Europe, tech companies have done large-scale layoffs this year. Lakhs of people lost their jobs. In the first half of this year, 1 lakh 41 thousand 516 employees were laid off in the technical sector, whereas a year ago only about 6000 employees were laid off.
20000 employees in LinkedIn
There are 20000 employees working in LinkedIn. Of these, 3 percent will be retrenched. In this context, now 668 employees will have to lose their jobs. Let us tell you that earlier in May, LinkedIn had fired 716 people. Overall, this year the company has shown the way out to about 1400 employees.
Get the latest Jobs news updates