Social media platform LinkedIn cuts 700 jobs, shuts China app.Job cuts are the latest layoffs to hit the tech sector in recent months, following losses at Google, Meta and Amazon.
\nLinkedIn, the social media platform for professional connections, has announced plans to cut more than 700 jobs and close its app for those seeking jobs in China.
\nIn a letter to employees on Monday, LinkedIn Chief Executive Ryan Roslansky said the company would shed 716 jobs and scrap its job-hunting app in China in response to slowing revenue growth and changing customer behaviour.
\n\u201cIn an evolving market, we must continuously have the conviction to adapt our strategy in order to make our vision a reality,\u201d Roslansky said.
\nRoslansky said the changes will include the creation of 250 new roles and integration of some teams, as well as reducing management roles and broadening responsibilities \u201cto make decisions more quickly\u201d.
\n\u201cAs we turn 20, we are entering a new decade for LinkedIn, one that will perhaps be the most consequential we\u2019ve experienced to date,\u201d he said.
\n\u201cAI is just beginning to accelerate changes in the global economy and labour market, and LinkedIn is more essential than ever to help our members and customers navigate the changes to access economic opportunity.\u201d
\nThe job cuts are the latest layoffs to hit the tech sector in recent months, following the shedding of more than 100,000 employees at Google, Amazon, Meta, Twitter and Microsoft.
\nLinkedIn shut most of its services in China in 2021, citing the growing difficulty of complying with the Chinese government\u2019s regulatory demands.
\nThe company launched the stripped-down job-hunting app called InJobs in the country later that year.
\nLinkedIn, whose headquarters are in Sunnyvale, California, will retain a presence in China to help companies hire and train employees,an international news agency reported, citing a company spokesperson.
\nAs the only major Western social media site operating in China, LinkedIn faced criticism for cooperating with Chinese censorship, including blacklisting journalists critical of Beijing.<\/p>\n","protected":false},"excerpt":{"rendered":"
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