LinkedIn, the professional networking platform, announced that it will cut 716 jobs worldwide as part of its efforts to streamline its operations. In addition to the job cuts, LinkedIn will also phase out its local jobs app in China, InJobs, which will be replaced by InCareers.
The decision to cut jobs was announced by CEO Ryan Roslansky in a memo to employees, where he stated that the move was necessary to help LinkedIn become more agile and better positioned to respond to the changing needs of its customers.
The job cuts represent around 6% of LinkedIn’s global workforce and will be spread across different departments and regions. The company said it will provide affected employees with a range of support, including severance pay, healthcare coverage, and help with finding new jobs.
Along with the job cuts, LinkedIn will also phase out its local jobs app in China, InJobs, and replace it with InCareers. This move is part of the company’s broader strategy to focus on core products and services while discontinuing non-essential features and initiatives.
LinkedIn’s decision to phase out InJobs in China comes as the company faces increasing regulatory scrutiny from the Chinese government. Earlier this year, the company was among several social media platforms that were blocked in the country for failing to comply with local laws.
In a statement, LinkedIn said that it remains committed to China and will continue to invest in the market through its core products and services. The company’s decision to streamline its operations and focus on core offerings is aimed at ensuring its long-term growth and success.
The job cuts and the phasing out of the local jobs app in China are significant moves for LinkedIn, which has been a leader in the professional networking space for many years. However, the company’s decision to streamline its operations and focus on core offerings is a necessary step for any business looking to remain competitive and succeed in a fast-changing market.
