LinkedIn said a Reuters report suggesting a 5pc headcount reduction is ‘inaccurate’, but did not provide any further details.
78 Irish jobs are reportedly at risk at LinkedIn as the Microsoft-owned company becomes the latest to announce sweeping layoffs.
Reuters reported yesterday (13 May) that LinkedIn was readying to cut about 5pc of its headcount, although a company spokesperson told SiliconRepublic.com that the figure mentioned in Reuters’ report is “inaccurate” but did not provide any further details.
The Microsoft-owned company employs 17,500 people globally, with around 1,800 workers based in Ireland. A 5pc headcount trim could lead to around 875 job cuts at the company.
The layoffs are reportedly expected to support LinkedIn as it focuses on areas where its business is growing. “As part of our regular business planning, we’ve implemented organisational changes to best position ourselves for future success,” the company spokesperson said.
