LinkedIn’s Freelancer Marketplace Grows Amid Tech Industry Layoffs

LinkedIn reports significant growth in its Services Marketplace, launched in 2021, as tech industry layoffs continue. The platform now boasts 10 million freelancer profiles, a 48% increase year-over-year. Service requests have risen 65%, averaging eight per minute. However, LinkedIn hasn’t disclosed actual commercial engagement numbers or revenue data. This growth comes as competitors like Fiverr and Upwork face declining demand and adjust their business models. The freelancer marketplace trend, which surged during the pandemic, is now evolving in response to changing work preferences and potential AI impacts.

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