Shulou(Shulou.com)11/24 Report--

CTOnews.com February 14 news, according to The Information report, Microsoft's plan to lay off about 10,000 people will have an impact on LinkedIn. Microsoft's Social networks, which focus on business and jobs, cut jobs in its recruitment division on Monday.

At present, the exact number of layoffs in LinkedIn's recruitment department is unclear. LinkedIn did not immediately respond to a request for comment.

In January, Microsoft announced that it would lay off 10,000 jobs by the end of the third quarter of fiscal 2023. Amy Hood, Microsoft's chief financial officer, said on an earnings call that Microsoft's headcount growth slowed relatively year-on-year in the fourth quarter of 2022, and that mass layoffs were due to Microsoft's desire to align the company's cost structure more closely with revenue.

Microsoft shares are up 13% so far this year but have fallen 8% over the past 12 months. The Dow Jones index, which includes Microsoft, rose 3% in 2023 and fell 1% in the past year.

According to CTOnews.com, Microsoft also laid off employees in Surface devices, HoloLens mixed reality hardware and Xbox last week, implementing plans to lay off 10,000 people announced last month.

Related Reading:

Microsoft pushes ahead with 10,000 layoffs: HoloLens, Surface and Xbox divisions

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