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Ayana Archie

LinkedIn is laying off nearly 700 employees

LinkedIn Microsoft

A sculpture is seen on a terrace outside the offices of LinkedIn Thursday, Sept. 22, 2016, in San Francisco. (Eric Risberg/AP)

The Microsoft-owned social media platform LinkedIn is laying off nearly 700 employees, it said in a statement Monday.

About 668 positions across the company's engineering, product, talent and finance departments will be eliminated. The announcement comes after the company said in May it was laying off 716 employees.

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