LinkedIn Planning To Lay Off 5% of Staff In Latest Tech-Sector Cuts

An anonymous reader quotes a report from Reuters: LinkedIn planned to inform staff of layoffs on Wednesday, two people familiar with the matter told Reuters, in a widening of technology sector cuts this year. The Microsoft-owned social network plans to cut about 5% of its headcount as it reorganizes teams and focuses personnel on areas where its business is growing [...]. LinkedIn employs more than 17,500 full-time workers globally, its website says.