Ryan Roslansky, CEO of Microsoft-owned professional networking platform, announced in a mail to staff on Monday that 716 roles will be fired as part of changes aimed at responding to economic conditions and making the business more agile.
“As market and customer demand fluctuate more and can more effectively serve emerging and growing markets, we’re expanding the use of vendors. We’re also removing layers, reducing management roles and expanding responsibilities to make decisions faster.”
A LinkedIn spokesperson said these vendors are “external partners” to take on new and existing business.
Roslansky said the product and engineering teams will be responsible for the company’s technology roadmap, while the business productivity team will be phased out and partially integrated into other parts of the business.
He said that from May 15, 250 new jobs will be generated in operations, new business and account management teams.
LinkedIn has approximately 20,000 employees worldwide.