LinkedIn, the business-focused social media platform owned by Microsoft, announced on Monday it would be reducing its workforce by approximately 668, becoming the latest tech company to conduct mass layoffs. “Talent changes are a difficult, but necessary and regular part of managing our business,” the company wrote in a blog post adding that the changes were a result of adapting organisational structures and streamlining decision-making. The company said the roles being cut span across engineering, product, talent and finance teams. “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,” LinkedIn wrote. This round of layoffs comes just months after LinkedIn laid off 716 employees in May citing a change in their Global Business Organization. In the first half of this year, tech companies like Microsoft, Google, Meta and Amazon saw massive layoffs in part because the sector struggled to keep up with salary maintenance while revenue slowed down. In January, Microsoft announced it would be reducing its workforce by 10,000 following a report showing company growth was at its slowest in six years. Part of that included advertising revenue that performed worse than expected. Microsoft’s advertising revenue partially comes from LinkedIn which makes money from ads on the platform in addition to users who pay a premium membership subscription fee. Though LinkedIn saw revenue and website membership growth over the last year, it is slower than in previous years. In Q4 of 2023, the company’s revenue increased 5 per cent year-on-year – a drop from the previous quarter at 10 per cent. The company also laid off 716 workers in May, after growing massively during the pandemic. Around 40% of LinkedIn’s almost 20,000 workers were hired during the pandemic. The cuts affect approximately 3 per cent of the total workforce at LinkedIn. The company has an estimated 21,000 employees – around 40 per cent of those workers were hired during the pandemic, according to The San Francisco Chronicle. Read More Who is hit hardest by Big Tech job cuts? Cooks and janitors Microsoft spent two years trying to buy Activision Blizzard. For Xbox CEO, that was the easy part IRS says Microsoft may owe more than $29 billion in back taxes; Microsoft disagrees

California Gov. Gavin Newsom has signed a law to raise the minimum wage for health care workers

Jannik Sinner drove Italy into the Davis Cup semi-finals with a 2-1 win over the Netherlands on Thursday, the world number four triumphing in both his singles...

A 26-year-old OnlyFans creator was lumped with a $500 bill after her date refused to contribute. Annie Knight (@annieknight78) lifted the lid on the awkward encounter while speaking to AU News, where she explained she expected the man to at least offer. Annie candidly shared on one of her viral TikToks that she makes around $150,000 a month. While she admitted that the issue wasn't that she had to pay, she said she found it "ick" worthy that he proceeded to let her pay the whole bill. "The guy expected me to pay. Over $500! Obviously, I paid but it felt really ick. Like he just had that expectation because he saw how much my income is," Annie told the outlet. The model and TikToker reportedly received some backlash for expressing her views in the now-deleted clip, prompting her to contextualise her side to the publication. "I think the people commenting haven’t watched the full video as I stated in the video that I’d be happy to go 50/50, I didn’t expect him to pay for the whole thing so I don’t think it’s fair he expected me to pay for it all," Annie said. "For those saying I should pay because I earn millions of dollars a year, I think that has nothing to do with it. It’s simply a respect thing – he should respect and value my time and therefore be at least willing to split the bill." OnlyFans has become a lucrative side hustle for many and has encouraged some to turn to content creation full-time. Some celebrities have even joined the subscription website in recent years, with Iggy Azalea and Cardi B being hailed as the top-earning creators. How to join the indy100's free WhatsApp channel Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

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