LinkedIn announced on Wednesday, May 13th that it is cutting 5% of its workforce.
About 875 employees as part of a broader cost-cutting and reorganization, according to an internal memo seen by Business Insider and confirmed by Reuters.
According to the statement released by CEO Daniel Shapero, the company will make layoffs in the global corporate organization, marketing, engineering and product management.
The affected persons will be given a call meeting immediately after the memo.
In addition to laying off some people, Microsoft’s professional networking site will scale back its spending on marketing efforts, vendor expenses, customer events and underutilized office space.
The company will also close its office in Graz, Austria.
The status of employees in Asia Pacific will be confirmed on Thursday, May 14.
Shapero wrote: “Financial opportunity is one of the societal problems of our time. We need to reinvent how we work, with agile teams focused on our highest priorities.”
As reported by Business Insidera LinkedIn spokesperson confirmed: “As part of our regular business planning, we have implemented organizational changes to best position ourselves for future success.”
It has been clarified that layoffs have nothing to do with artificial intelligence replacing jobs, despite widespread industry concerns about AI-driven disruption.
So far, 103,000 tech jobs have been cut in 2026, approaching the 124,000 total from all of 2025.
