On Monday, LinkedIn announced it will be laying of over 660 employees across its engineering, product, talent, and finance teams.
In a news release, the resume-sharing social media site said, “Talent changes are a difficult, but necessary and regular part of managing our business.”
It will be the second major round of layoffs this year for the tech firm, coming after an announcement it would slash over 700 positions in May, as the company sought to make, “changes to our Global Business Organization (GBO) and our China strategy.”
In an email to employees released on Monday, which was seen by Insider, executives at the company said the latest layoffs were designed to help the company to “evolve how we work and what we prioritize so we can deliver of the key initiatives we’ve identified.”
In its news release, the company said, “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.”
The release added, “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.”
The new round of layoffs at LinkedIn are just the latest in a steady stream of cuts being seen throughout the tech industry. Since the beginning of the year, there have been over 240,000 layoffs from companies including Amazon, Google-parent Alphabet, Dell, Microsoft, and Meta, the parent company of Facebook.