LinkedIn, the professional networking platform owned by Microsoft, has announced plans to cut 668 jobs. The move comes only months after the company laid off more than 700 employees worldwide in May, a reduction that represented around three percent of its total workforce at the time.
LinkedIn previously justified the earlier layoffs by pointing to a difficult market environment and fluctuating customer demand. The company has also shut down its business operations in China as part of its broader restructuring efforts.
Despite these challenges, LinkedIn reported a five percent increase in revenue in its most recent fiscal quarter. The company also said it generated 15 billion dollars in revenue over the last fiscal year.
Commenting on the latest layoffs, Microsoft described such talent shifts as a difficult but necessary part of managing the business.