LinkedIn planning to lay off 5% of staff in latest tech-sector cuts

SAN FRANCISCO: LinkedIn is preparing to announce layoffs on Wednesday, two people familiar with the matter told Reuters, in a ‌widening ⁠of technology ⁠sector cuts this year.

The Microsoft-owned social network plans to cut about 5% of staff as it reorganizes teams and focuses employees on areas where its business is growing, ⁠said one ‌of the people, on condition of anonymity.

LinkedIn’s headcount is more ⁠than 17,500 full-time employees globally, its website says. Reuters was unable to determine the teams affected.