The scariest part of LinkedIn's layoffs isn't the number of jobs cut

"For us to meet this moment, we must ready ourselves to deliver a step change in impact across our products, businesses, and platforms, while continuing to operate more profitably. We need to reinvent how we work, with agile teams focused on our highest priorities, and by shifting investments toward areas such as infrastructure to fulfill our mission and vision over the long term. This requires hard prioritization and tradeoffs."

"In addition to cuts across five different divisions, Shapero said that the company will scale back investments in areas like marketing campaigns, vendor spend, customer events, and underutilized office space. The professional social network is based in Sunnyvale, California."

"The company confirmed the layoffs to Fast Company, though disputed the percentage of employees impacted by the cuts without clarifying the actual number. "As part of our regular business planning, we've implemented organizational changes to best position ourselves for future success," a company spokesperson told Fast Company."

LinkedIn is planning layoffs affecting about 5% of its workforce, estimated at roughly 875 employees, as part of a broader reorganization. The company’s CEO Daniel Shapero outlined the changes in an internal memo, emphasizing the need to deliver a step change in impact across products, businesses, and platforms while operating more profitably. The memo calls for reinventing how work is done through agile teams focused on highest priorities and shifting investments toward infrastructure for long-term mission goals. Shapero also highlighted hard prioritization and tradeoffs. The company will cut across five divisions and reduce spending on marketing campaigns, vendor spend, customer events, and underutilized office space. LinkedIn is based in Sunnyvale, California.

Read at Fast Company