LinkedIn slashes 875 jobs despite 12% revenue surge

LinkedIn announced Wednesday that it plans to eliminate approximately 5% of its global workforce — a move that stunned many observers given the company’s recent financial momentum. The professional social network, which counts more than 17,500 full-time employees worldwide, is set to cut roughly 875 positions as part of a company-wide restructuring effort. LinkedIn CEO […] The post LinkedIn slashes 875 jobs despite 12% revenue surge appeared first on Rolling Out.

LinkedIn slashes 875 jobs despite 12% revenue surge

LinkedIn announced Wednesday that it plans to eliminate approximately 5% of its global workforce — a move that stunned many observers given the company’s recent financial momentum. The professional social network, which counts more than 17,500 full-time employees worldwide, is set to cut roughly 875 positions as part of a company-wide restructuring effort. LinkedIn CEO […]

The post LinkedIn slashes 875 jobs despite 12% revenue surge appeared first on Rolling Out.