LinkedIn, the Microsoft-owned professional networking platform, is set to lay off approximately 5% of its workforce as part of a strategic company restructure. This decision follows a series of layoffs within the tech industry, with over 100,000 job cuts reported recently. The layoffs, which will affect employees across various roles including engineering, product, and marketing, come despite the company experiencing a revenue growth. Internal memos reveal that the cuts are intended to position LinkedIn for future success amidst a changing industry landscape.