LinkedIn lays off 716 employees, kills China jobs app

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The company has operated in China since 2014 but will focus on its Learning, Marketing, and Talent businesses, CEO Ryan Roslansky said in a memo to employees.

LinkedIn will continue to operate other businesses in China, including its LinkedIn Learning product. But Roslansky signaled that the company would continue to "manage expenses" in the year ahead, suggesting that further cost cuts or layoffs could be on the table.

China is a fertile market for U.S.-based tech companies, which often jostle with homegrown competitors to capture market share. The total number of InCareer and LinkedIn users in China was over 57 million, according to an InCareer

Source: News Formal (newsformal.com)

 

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