LinkedIn plans to lay off nearly 700 staffers, mostly from its engineering teams, after cutting 716 jobs in May; source: LinkedIn is ramping up hiring in India (Jordan Novet/CNBC)

LinkedIn plans to lay off nearly 700 staffers, mostly from its engineering teams, after cutting 716 jobs in May; source: LinkedIn is ramping up hiring in India (Jordan Novet/CNBC)

Jordan Novet / CNBC:
LinkedIn plans to lay off nearly 700 staffers, mostly from its engineering teams, after cutting 716 jobs in May; source: LinkedIn is ramping up hiring in India  —  – LinkedIn is cutting almost 700 employees as revenue growth has slowed over the past two years.