LinkedIn blamed “shifts in customer behavior and slower revenue growth” for the cuts. However, the company will be “opening up more than 250 new roles” in parts of its operations team as well as new business and account management teams in May.
LONDON — Professional networking platform LinkedIn says it's laying off more than 700 workers and shuttering its China jobs app, in the latest round of tech industry downsizing.
LinkedIn, which is owned by Microsoft, indicated that the net number of job losses could be less than 500.
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