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Big Tech Job Cuts: LinkedIn To Lay Off 700 and Close App In China

The trend of Big Tech cutting jobs continues into mid-2023 with LinkedIn laying off over 700 workers and phasing out its app in China

Tue May 9 2023

Big Tech firm LinkedIn is axing 716 jobs from its 20,000 workforce, making it the latest in a list of technology companies to make significant staff layoffs in 2023.

In an open letter the social media platform's chief executive, Ryan Roslansky, said the changes were to enhance agility in the platform and align teams for growth. 

Changes include the termination of the Business Productivity team and a reduction in management roles.

“In an evolving market, we must continuously have the conviction to adapt our strategy in order to make our vision a reality,” he wrote. 

The Microsoft-owned company, which brings together professional from across the globe, will also phase out its local jobs app—InCareer—in China by August ninth.

The letter states the cuts come after shifts in customer behavior and slower revenue growth.

According to Roslansky, streamlining the firm will be marginally offset as the company adds 250 new roles in specific segments of its operations, new business, and account management teams. 

Employees affected by the cuts in relevant teams will be eligible to apply to these new roles. 

Up to this point, InCareer, which exclusively covers the Chinese market was the final part of LinkedIn that remained in China after it withdrew most of its business in 2021. 

Roslansky also wrote that, while the app experienced some success in China, it encountered “fierce competition” and that the new China market strategy would focus on assisting China based companies to hire and train employees outside of the country. 

These cutbacks have joined a line of layoffs from many of the world's most influential firms. Over the past six months we have seen job cuts at Amazon, McKinsey, Meta, as well as LinkedIn’s parent company Microsoft.

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