LinkedIn lays off over 500 workers as hiring activity slows – source

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(Reuters) – Microsoft-owned LinkedIn laid off more than 500 employees, including engineers, on Monday in its second round of job cuts this year as the social media network grapples with a slowdown in hiring, a person familiar with the matter said.

The cuts, which affect 2.5% of the 20,000-strong staff, add to the tens of thousands of job losses this year in the technology sector amid an uncertain economic outlook.