Linkedin Announced On October 16 That It Is Cutting Off Hundreds Of Employees, Accounting For Around 3% Of The Social Media Company's Staff. The Microsoft-Owned Career Network Is Laying Off 668 Employees From Its Engineering, Product, Talent, And Finance Departments. “Talent Changes Are A Difficult, But Necessary And Regular Part Of Managing Our Business,” The Company Said In A Statement. Linkedin Announced The Layoff Of 700 Employees In May 2023. Linkedin's Annual Revenue Surpassed $15 Billion For The First Time In Its Fiscal Year, Which Ended In June.