LinkedIn has never gone into receivership.Receivership is a legal process where a court appoints a trustee (a receiver) to manage a financially distressed company's assets and operations, usually to help creditors recover funds.LinkedIn's financial history has actually been quite stable:2011: The company went public (IPO) on the New York Stock Exchange.Wikipedia2016: Microsoft acquired LinkedIn for approximately $26.2 billion in cash.WikipediaSince the acquisition, LinkedIn has operated as a highly profitable subsidiary of Microsoft. In fact, it remains a major revenue driver for the tech giant, generating over $15 billion annually.BritannicaIt is possible you might be thinking of a different tech company, or perhaps mixing it up with general corporate restructuring and layoffs that have affected the tech sector in recent years.