LinkedIn is the latest digital company to lay off workers, cutting 716 positions out of a 20,000-person workforce.
According to the BBC, the social media network aimed at business professionals will also phase down its local employment app in China.
The company’s chief executive, Ryan Roslansky, stated in a letter that the decision was intended to streamline the firm’s operations.
Amazon, LinkedIn’s parent company Microsoft, and Alphabet have all announced layoffs in the recent six months.
“With the market and customer demand fluctuating more, and to serve emerging and growth markets more effectively, we are expanding the use of vendors,” Mr Roslansky wrote.
He also stated that the adjustments will result in the creation of 250 new jobs, for which staff affected by layoffs in the company’s sales, operations, and support teams would be entitled to apply.
After leaving from China in large part in 2021, claiming a “challenging environment,” the remaining app, InCareers, will be taken out by August 9. InCareers focuses solely on the Chinese market.
According to a LinkedIn spokeswoman, the company would maintain a presence in China to assist companies operating there in hiring and training people from outside the nation.
In China, LinkedIn has been the sole significant Western social-media platform.
When it first began in 2014, the company committed to follow the Chinese government’s criteria in order to operate there.
In a letter to LinkedIn CEO Ryan Roslansky and Microsoft CEO Satya Nadella at the time, US Senator Rick Scott termed the action “gross appeasement and an act of submission to Communist China.”
