LinkedIn lays off 668 workers

LinkedIn announced it’s laying off 668 workers, roughly 4% of its workforce, across multiple departments including engineering, product, talent, and finance. This comes after a substantial growth period during the pandemic, when approximately 40% of LinkedIn’s nearly 20,000 employees were hired. The downsizing signals a new chapter for the tech industry, which seems to be facing a series of layoffs lately.

Owned by Microsoft but operating independently, LinkedIn is also slashing office space in its San Francisco headquarters by subleasing 63,000 square feet. This comes on the heels of a previous round of layoffs in May that let go of 716 workers.