LinkedIn, the social networking site for professional networking, has revealed plans to cut more than 700 jobs and shut down its job-seeking app in China. Ryan Roslansky, the company’s CEO, stated in a letter to employees on Monday that the decision was made in response to declining revenue growth and evolving customer behavior. To adapt to the market, he said, the company would create 250 new positions, integrate some teams, and broaden duties to make decisions more quickly. The changes, he claims, are critical to realizing the company’s vision as it enters a new decade of operation.According to Reuters, LinkedIn, which is based in Sunnyvale, California, will retain a presence in China to assist companies in recruiting and training employees. The job losses are the most recent in a series of tech sector layoffs in recent months, which have resulted in more than 100,000 job losses at major firms like Google, Amazon, Meta, Twitter, and Microsoft.LinkedIn shut down the majority of its services in China last year, citing increasing difficulty in adhering to China’s regulatory requirements. The firm later launched a scaled-down job-seeking app named InJobs. LinkedIn, the only major Western social media site operating in China, has faced criticism for collaborating with Chinese censorship, including blacklisting journalists critical of Beijing.
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