The big picture: LinkedIn, despite achieving its best revenue quarter ever, cut 875 jobs, approximately 5% of its global workforce, across engineering, product, and marketing teams.

Why it matters: This move signals a growing trend among profitable tech companies to restructure and reallocate resources towards AI infrastructure and development, rather than maintaining headcount during growth.

Between the lines:

• The job cuts occurred in May, weeks before LinkedIn posted its first $5 billion quarter.
• New CEO Daniel Shapero cited a focus on