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This San Francisco social media giant is cutting hundreds of jobs

LinkedIn is laying off more than 660 positions in its second major round of layoffs this year. | Source: Justin Sullivan/Getty Image

LinkedIn is laying off more than 660 employees, marking the second major round of job cuts this year at the professional social media company, according to an announcement Monday.

The layoffs across the company’s engineering, product, talent and finance teams are equivalent to around 3% of LinkedIn’s global workforce. The company positioned the job cuts as part of a broader restructuring ostensibly meant to make the organization more efficient. 

“Talent changes are a difficult, but necessary and regular part of managing our business,” LinkedIn said in a statement.

The news comes just a few months after LinkedIn said it would lay off 716 employees and shut down InCareer, its China jobs app. 

The company has also started to downsize its local real estate holdings, placing a portion of its Downtown San Francisco skyscraper on the sublease market

LinkedIn, which was purchased by Microsoft in 2016 for $26.2 billion, has continued to grow its user base on the platform, reaching 950 million members around the world. 

During Microsoft’s last public earnings call, the company reported that LinkedIn’s annual revenue had surpassed $15 billion. 

In line with Microsoft’s larger corporate strategy around artificial intelligence, LinkedIn has released a number of AI-based tools to help with recruiting, content generation and career coaching