TELETRADER News
2/13, 10:00 PM
(Source: TeleTrader)
Microsoft's LinkedIn cuts staff
Microsoft Corp’s business and employment-oriented online service LinkedIn confirmed to The Information on Monday that it let go of certain workers in the recruiting department.
Previously, Microsoft announced it will be aiming to slash 10,000 jobs by the end of the third trimester of fiscal 2023, due to "macroeconomic conditions and changing customer priorities." Nonetheless, at the time, the tech giant did not specify where the cuts would occur.
In its latest earnings report, the company revealed that its diluted earnings per share fell 11% year over year to land at $2.20 in the second quarter of 2023.