• AutoTL;DR@lemmings.worldBEnglish
    2·
    9 months ago

    This is the best summary I could come up with:

    The Microsoft-owned social media platform LinkedIn is laying off nearly 700 employees, it said in a statement Monday.

    About 668 positions across the company’s engineering, product, talent and finance departments will be eliminated.

    “We are committed to providing our full support to all impacted employees during this transition and ensuring that they are treated with care and respect,” LinkedIn said.

    Website membership also grew for the past eight quarters to more than 950 million accounts.

    Microsoft CEO Satya Nadella said at the time the company is “seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one.”

    There have been mass layoffs across the tech industry, including at Amazon, Google and Meta.

    The original article contains 217 words, the summary contains 126 words. Saved 42%. I’m a bot and I’m open source!