By Chris Snyder WIRED Magazine

LinkedIn said it will eliminate 36 positions, or 10 percent of its workforce, as part of a restructuring effort to focus on businesses that are generating revenue, reports Reuters.

A spokesperson with the career-based social networking site told Reuters that the cuts are preemptive to make sure the company remains cash-flow positive, and that the decision was made by management, not investors.

One of its backers, Sequoia Capital, recently gave its portfolio companies a pessimistic presentation on cost cutting and how the economy will affect Silicon Valley.

LinkedIn has been doing well in bringing in new users during the economic downturn, and even raised another $22.7 million a few weeks ago.

Views: 47

Comment by Steve Levy on November 11, 2008 at 12:36pm
Probably their crack customer service team...
Comment by 01. Lonnie McRorey on November 11, 2008 at 12:47pm
Eggcellent response! Its true... took customer service 3 weeks to respond to my email. LOL
Comment by Sally Raade on November 11, 2008 at 10:37pm
Hmmmm......when customer service does the customers.....


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