Layoffs in 2023: Luxury car maker Rolls Royce will make big layoffs, LinkedIn will lay off so many employees again

Layoffs in India 2023: Luxury car manufacturing company Rolls-Royce is also preparing to cut jobs. This decision is being taken by the new Chief Executive during cost cutting. According to the Sky News report, the job cuts will be global and more than 100 UK staff will be affected.

On the other hand, LinkedIn has also decided to lay off hundreds of its employees. These employees will be laid off soon. The company will lay off 668 employees in engineering, talent and finance teams. The cut will affect 3 percent of LinkedIn’s total workforce of 20,000.

Why are layoffs happening in Rolls Royce?

The blue-chip company has registered good growth with the arrival of the new CEO. The new CEO has taken several decisions to cut costs, in which job cuts were also included in his plan. After this, the luxury car maker has prepared to lay off its employees. Thousands of employees may soon be laid off. It is noteworthy that the Sunday Times report in May responded that Rolls-Royce has not taken any decision regarding changes in its workforce, in which about 3 thousand non-manufacturing employees were expected to be cut.

When did layoffs happen in LinkedIn?

According to employment firm Challenger Gray & Christmas, the sector laid off 141,516 workers in the first half of the year, compared with about 6,000 a year earlier. The social media network in May had decided to cut 716 jobs from operations and support teams to streamline its operations.

Let us tell you that to reduce costs, many big companies like Amazon, Google and Facebook have also cut jobs during the year 2023. At the same time, many startups in India have also reduced jobs.