Linktree sacks 17% of employees in latest round of tech pink slips

Australian runaway success story Linktree has fired 17 per cent of its staff, with the social media startup’s foun­der confirming the latest casualties in a worldwide tech bloodbath.

“Today I shared the difficult news with our team that Linktree is reducing our global workforce by 17 per cent in order to emerge stronger from the economic downturn,” chief executive Alex Zaccaria said in a LinkedIn post.

With a reported 300-strong workforce, the mass layoff amounts to about 50 staff members.

“Our people have built Linktree into what it is today: trusted by millions of people around the world. I’m heartbroken to say goodbye to some incredible teammates today, and want to do all I can to support them,” Zaccaria continued.

“On Friday, we will post a public, opt-in Airtable for those of our team impacted and ask you to please consider this group of incredibly talented and passionate people for roles you have open. I can assure you they will make huge contributions wherever they land. If you’d like to speak to me personally about any individual, my DM’s are open.

“My focus and priority this week is on the team we say goodbye to along­side those that remain as we continue to move Linktree forward together.

“Friday will be a company-wide mental health day at Linktree. For a company like ours, so focused on culture and camaraderie, this will be difficult news. I don’t expect anyone to be their normal selves. We will also be allocating you an additional mental health day that you can take at a time that suits you,” he continued.