Linkedin Says Changes Shared With Team Today Will Result In Reduction Of About 668 Roles Across Engineering, Product, Talent & Finance Teams
Portfolio Pulse from Benzinga Newsdesk
LinkedIn, a subsidiary of Microsoft, announced that it will be reducing approximately 668 roles across its Engineering, Product, Talent, and Finance teams. This decision is expected to impact the company's operational efficiency and cost structure.
October 16, 2023 | 3:15 pm
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Microsoft, the parent company of LinkedIn, may experience short-term stock volatility due to the announced job cuts at LinkedIn. The reduction in workforce could potentially lead to cost savings, but may also impact operational efficiency.
The announced job cuts at LinkedIn, a subsidiary of Microsoft, could lead to short-term stock volatility for Microsoft. While the reduction in workforce could potentially lead to cost savings, it may also impact the operational efficiency of LinkedIn, which could indirectly affect Microsoft's overall performance.
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