Microsoft-Owned LinkedIn To Lay Off Over 500 Employees, Second Cut This Year
Portfolio Pulse from Benzinga Newsdesk
Microsoft-owned LinkedIn is planning to lay off over 500 employees, marking the second round of cuts this year. The news was reported by Reuters.
October 16, 2023 | 2:58 pm
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NEGATIVE IMPACT
Microsoft's LinkedIn is laying off over 500 employees, the second round of layoffs this year. This could potentially impact Microsoft's operational costs and reputation.
Layoffs at a major subsidiary like LinkedIn could potentially increase Microsoft's operational costs in the short term due to severance packages and restructuring. Additionally, frequent layoffs could harm the company's reputation, potentially affecting its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100