LinkedIn planning to lay off 5% of staff

> The layoff rationale was not for artificial intelligence to replace jobs at LinkedIn, one of the people told Reuters.

Kind of a breath of fresh air but no rationale was given. Especially in the face of:

> The cuts come as revenue at LinkedIn, which sells recruiting tools and subscriptions, rose 12% in the just-ended quarter from a year prior, in an acceleration of growth in 2026, according to Microsoft's securities filings.

Just a general reorg?

I thought LinkedIn is owned by Microsoft?