LinkedIn is laying off 716 staff and closing its job search app in China
to employees that the cuts were part of a shift in strategy that was driven by changes in customer behavior and slower revenue growth. That's despite the platform seeing record levels of engagement and"making meaningful progress creating economic opportunities for our members and customers.", citing the difficulties of operating in the country. It rolled out a job board app for Chinese users called InCareer that did not have any social networking features.
LinkedIn is shifting its strategy in China toward helping companies based there recruit and train workers from other countries. It will cut its product and engineering teams in China and reduce the headcount of its local corporate, sales and marketing divisions. AsAround 20,000 people work at LinkedIn, so the layoffs account for around 3.5 percent of the overall headcount.
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