LinkedIn is the latest big Bay Area tech name caught in the layoff churn, with reports today that the Microsoft-owned professional network is reshuffling teams and trimming staff. The company has not confirmed how hard its local offices might be hit, and workers are still waiting for official word.
Reuters reported that LinkedIn is preparing to cut about 5% of its global workforce, citing people familiar with the plans. Based on a publicly listed headcount of more than 17,500, that would amount to roughly 875 jobs.
In a statement to Investing.com, LinkedIn said, “As part of our regular business planning, we’ve implemented organizational changes to best position ourselves for future success.” The company did not spell out which teams or locations are on the line.
Local footprint and recent rounds
LinkedIn has a major Bay Area presence and has already undergone regional layoffs in recent years. Local coverage and state filings showed that hundreds of LinkedIn roles in California were cut in earlier rounds, as detailed by the San Francisco Chronicle. The company’s broader Bay Area presence, including office scale and leasing moves, has been closely followed by the San Francisco Business Times…