According to a report, a group of LinkedIn employees came across a ‘mysterious list’ over the weekend containing approximately 500 employee names. Just hours later, the company announced the termination of over 600 employees
LinkedIn, the job-searching platform, recently surprised many by announcing its decision to lay off over 600 employees. At the beginning of this year, the tech industry witnessed a wave of major IT giants announcing large-scale layoffs, but in the subsequent months, the frequency of layoffs appeared to diminish, suggesting the end of the tech layoffs era. However, with LinkedIn’s abrupt termination of hundreds of employees, it seems that this trend is not yet over.
A recent report from Business Insider highlights that some LinkedIn employees stumbled upon a ‘mysterious list’ over the weekend, containing the names of approximately 500 employees. Just a few hours later, the company confirmed the layoffs, causing anxiety among those whose names were on the list.
On Sunday night, a LinkedIn employee posted on Blind, suggesting the existence of a potential ‘kill list’ created by the company, which included the names of employees affected by the layoffs. Following this post, rumors of impending layoffs began circulating within the company, as reported by two employees to Insider.
LinkedIn, in an official blog post, addressed the layoffs, characterizing them as ‘difficult but necessary’ for their business management. The company disclosed that it had released 668 employees across its engineering, product, talent, and finance departments.
The company’s blog post stated, ‘Talent changes are a difficult, but necessary and regular part of managing our business. The changes we shared with our team today will result in a reduction of approximately 668 roles across our engineering, product, talent, and finance teams. While we are adapting our organizational structures and streamlining our decision making, we are continuing to invest in strategic priorities for our future and to ensure we continue to deliver value for our members and customers. We are committed to providing our full support to all impacted employees during this transition and ensuring that they are treated with care and respect.’
It’s worth noting that these LinkedIn layoffs are in addition to the 10,000 job cuts that Microsoft announced earlier in the year. The company’s overall revenue growth has reportedly experienced a decline in recent months, prompting CEO Satya Nadella to implement cost reductions across the organization and prioritize revenue generation.
