LinkedIn

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
United States, Ireland
Sector
Information / Computing
63 - Computing infrastructure, data processing, hosting and other information service activities
63 - Computing infrastructure, data processing, hosting and other information service activities
63 - Computing infrastructure, data processing, hosting and other information service activities
716 jobs
Number of planned job losses
Job loss
Announcement Date
9 May 2023
Employment effect (start)
15 February 2023
Foreseen end date

Description

LinkedIn has announced plans to undergo a global restructuring which includes plans to dismiss 716 employees. The CEO has stated the job cuts will target sales, operations and support teams. Further, the restructuring has been attributed to streamlining the company's operations and removal of 'layers' for more efficient decision-making. The restructuring also includes the company pulling its app, InCareers, out of the Chinese market. The company's European and Latin American headquarters are based in Wilton Park, Dublin, employing 2000 people. 

Sources

Citation

Eurofound (2023), LinkedIn, Internal restructuring in World, factsheet number 109062, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109062.