ZTrope90 in
Product Designer 20 days ago
LinkedIn says market demand is shifting, will cut 700 jobs
Semi-related? But they're also shutting down their China-focused app. All seemingly due to slowing demand.

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2595
konpekiTechnical Program Manager 20 days ago
Saw this quote on the techcrunch article:
"As part of Microsoft’s latest quarterly earnings report, issued in April, LinkedIn reported a 8% increase in revenue year-over-year. In the report previous to that one, Microsoft warned it expected revenue growth to slow to the mid-single digits in the third quarter, due to a slowdown in hiring and advertising spending."
Oh nooooo, growth is only in the single digits, better layoff hundreds of people.
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randomguy123Software Engineer 20 days ago
Still better than the historical average us stock market return, too
Greedy mfs
Greedy mfs
6
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