Read the internal memo from LinkedIn's CEO on layoffs and 'scaling back investments'

"Team, Economic opportunity is one of the societal issues of our time, and Linkedin has been and will continue to be the platform that professionals and companies turn to as they navigate the changing world of work. For us to meet this moment, we must ready ourselves to deliver a step change in impact across our products, businesses, and platforms, while continuing to operate more profitably. We need to reinvent how we work, with agile teams focused on our highest priorities, and by shifting investments toward areas such as infrastructure to fulfill our mission and vision over the long term."

"Impacted employees would receive a calendar invite within an hour of Shapero's email being sent at 7 a.m. Pacific, according to the memo. Roles include those in the Microsoft-owned company's Global Business Organization, marketing, engineering, and product teams."

"The company will also "scale back investments" in areas including marketing campaigns, vendor spend, customer events, and underutilized office space, according to the memo. LinkedIn did not immediately respond to a request for comment. LinkedIn employs around 17,500 workers."

LinkedIn is reducing roles across the Global Business Organization, marketing, engineering, and product teams. Impacted employees are expected to receive calendar invites within an hour of the CEO’s email being sent at 7 a.m. Pacific. The number of employees affected is not specified, though LinkedIn employs about 17,500 people. The company will also scale back investments in marketing campaigns, vendor spending, customer events, and underutilized office space. LinkedIn did not provide immediate comment. Microsoft, LinkedIn’s parent company, has also been cutting costs while planning major spending for AI infrastructure, and it has offered buyouts to long-serving employees with severance up to 39 weeks of base pay.

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