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Looks like Sequoia, the company backing LinkedIn; a social network for professionals has asked LinkedIn to cut short on expenses. The result is obvious, LinkedIn might ask 10% of its employees to leave their jobs. This can’t come from LinkedIn directly as the company just got its hands at $22.7 million along with mammoth $53 million in Series D. Reports have it that most of the employees that have been asked to leave will be given new roles in the company; what other roles could it possibly have? And if the idea is to retain these employees then why fire them at first place?

Any tips?