LinkedIn to Layoff 716 Employees, Close China Job Search App

LinkedIn to Layoff 716 Employees, Close China Job Search App: 

LinkedIn, the professional networking site owned by Microsoft, recently announced that it will be laying off 716 employees globally. Additionally, the company will be shutting down its China-focused job search app, which it launched in 2014.

This news comes as a surprise to many, as LinkedIn has been performing well in recent years. The platform has over 740 million users and has seen an increase in engagement due to the pandemic. However, according to a LinkedIn spokesperson, these layoffs are part of a restructuring effort to help the company focus on its core business areas.

The layoffs will affect employees in several countries, including the United States, Canada, and Brazil. The majority of the job cuts will reportedly come from LinkedIn’s global sales and talent acquisition teams.

In a blog post announcing the layoffs, Ryan Roslansky, CEO of LinkedIn, wrote: “As we move forward, we are continuing to focus on our core areas of business and ensuring that we are investing in the right areas to achieve long-term growth.”

The decision to shut down the China-focused job search app also reflects LinkedIn’s commitment to its core business areas. The app was launched in 2014, but it struggled to gain traction in China’s competitive job market, which is dominated by local players like Zhaopin and 51job.

Despite this setback, LinkedIn remains committed to serving its Chinese users. In his blog post, Roslansky wrote: “We remain committed to China and to providing our members with the best possible experience on our global platform.”

It’s worth noting that LinkedIn is not the only company that has announced layoffs in recent years. The COVID-19 pandemic has had a significant impact on businesses worldwide, and many companies have had to make tough decisions to ensure their survival.

Despite the layoffs, LinkedIn remains a valuable resource for professionals and job seekers around the world. The platform provides opportunities for networking, job searching, and career development, and it has become an essential tool for many in today’s job market.

In addition to its core business areas, LinkedIn has also been investing in new initiatives and features. For example, the company recently launched a new marketplace for freelancers, which connects businesses with skilled professionals for short-term projects. This initiative reflects LinkedIn’s commitment to providing innovative solutions to meet the evolving needs of its users.

LinkedIn to Layoff 716 Employees, Close China Job Search App: In conclusion, the recent layoffs at LinkedIn and the decision to shut down the China-focused job search app are part of the company’s effort to streamline its operations and focus on its core business areas. While these changes may be difficult for the affected employees, they ultimately reflect LinkedIn’s commitment to its users and its mission to connect professionals around the world. As the job market continues to evolve, LinkedIn remains a valuable resource for professionals and job seekers looking to build their careers and achieve their goals.