LinkedIn said it will cut about 668 jobs across the company’s engineering, product, talent and finance teams.
“The changes we shared with our team today will result in a reduction of approximately 668 roles across our engineering, product, talent and finance teams,” LinkedIn said in a blog post.
The cut comes as the business-oriented social network has experienced slow revenue growth for eight consecutive quarters, CNBC reported.
It grew by just 5 percent in the second quarter, despite accelerating membership growth for the past two years, Microsoft said in July.
“While we are adapting our organizational structures and streamlining our decision making, we are continuing to invest in strategic priorities for our future and to ensure we continue to deliver value for our members and customers,” LinkedIn stated.
