LinkedIn Announces More Job Cuts as Ad Revenue Growth Continues to Decline

16 Oct 2023

The redundancies will primarily be within LinkedIn’s engineering team, with over 500 engineering staff given notice. At the same time, LinkedIn is also reportedly increasing hiring activity in India, in line with market demand and opportunity. India is now LinkedIn’s second-largest user market, and rising fast.

While LinkedIn, overall, has seen continued usage and engagement growth, its ad revenue growth has been slowing for the past two years, in line with broader market trends.

In its most recent earnings update, now included within parent company Microsoft’s earnings report, LinkedIn also noted that its Talent Solutions business has been impacted by a slowdown in hiring this year.

LinkedIn also cut 716 jobs in May, as part of Microsoft’s expanded cuts, and this latest announcement is largely in line with the ongoing rationalization of the company. LinkedIn also announced that it would be leaving the Chinese market in May, which may have impacted its requirements.