- LinkedIn laid off all of the employees on its global events marketing team earlier this week.
- Affected employees are being encouraged to apply for roles on a new internal team.
- LinkedIn’s layoffs come on the heels of cuts at companies like Oracle, Hootsuite, and Rivian.
LinkedIn has laid off all the employees on the professional social network’s global events marketing team amid continued economic uncertainty and layoffs at parent company Microsoft earlier this week.
While a LinkedIn spokesperson did not disclose the exact number of employees affected, they confirmed the entire team was impacted. Affected employees are being encouraged to apply for roles on a new internal team focused on creating virtual, hybrid, and in-person experiences.
“The events space has changed so much, and broadly speaking, this new team will focus on creating experiences across virtual, hybrid, and in-person to bring people together,” the LinkedIn spokesperson told Insider, adding that the layoffs were part of a restructuring and not due to the macro environment.
Chuck Jones, a senior event marketing manager on LinkedIn’s global event marketing team, posted about the layoffs on LinkedIn on Wednesday.
“In a difficult turn of events, my entire team was laid off today at LinkedIn (our collective last day is September 9),” Jones wrote. “Luckily, there are a lot of new internal roles becoming available to which we can apply and become fast-tracked in the recruiting process, as well as some great internal resources, but the fact of the matter is that things like this are never easy.”
LinkedIn’s layoffs arrive less than a month after Microsoft reported the platform saw revenues increase 26% year-over-year and “record engagement” among its 850 million-plus members.
But it’s now apparent LinkedIn isn’t immune to the recent spate of layoffs affecting the larger tech industry. Oracle, for instance, laid off US employees in early August as part of a $1 billion cost reduction that could affect thousands of workers globally, according to The Information, joining dozens of companies including Lyft, Robinhood, Hootsuite, and Rivian. Meanwhile, companies like Apple and Google have said they plan to slow hiring.
Microsoft, for its part, has also slowed hiring and previously said it planned to lay off less than 1% of its 180,000-person workforce as a possible recession looms on the horizon. Those layoffs include the “Modern Life Experiences” team, a 200-person group tasked with renewing Microsoft’s consumer appeal that was laid off earlier this week.
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