TechnologyLinkedIn Lay-offs Over 700 Staff, Shut Down China App

LinkedIn Lay-offs Over 700 Staff, Shut Down China App

-

- Advertisment -spot_img
MAGIC DEALS

Following the tend in the tech industry, LinkedIn has become the latest tech firm to cut jobs, closing up to 716 roles out of a 20,000 workforce.

LinkedIn cuts jobs
(c) Unsplash

Additionally, the social media network which focuses on business professionals will also phase out its local jobs app in China, BBC reports.

In a letter by the company’s chief executive Ryan Roslansky, he said the move was aimed at streamlining the firm’s operations.

FREE DELIVERY

In the last six months, firms including Amazon, LinkedIn’s parent Microsoft, and Alphabet have announced layoffs.

“With the market and customer demand fluctuating more, and to serve emerging and growth markets more effectively, we are expanding the use of vendors,” Mr Roslansky wrote.

He also said the changes would result in creating 250 new jobs which employees affected by the cuts in its sales, operations and support teams would be eligible to apply.

Read Also: South Africa: Over 1700 People Nabbed, 65 Unlicensed Firearms Seized

After mostly withdrawing from China in 2021, citing a “challenging environment”, the remaining app called InCareers will also be phased out by 9 August. InCareers only covers the Chinese market.

A LinkedIn spokesperson said the firm will keep a presence in China to help companies operating there to hire and train employees outside the country.

LinkedIn has been the only major Western social-media platform operating in China.

When launched in 2014, the firm had agreed to adhere to the requirements of the Chinese government in order to operate there.

Read Also: Twitter Adds Audio, Video Calling Features

At the time, US senator Rick Scott called the move a “gross appeasement and an act of submission to Communist China”, in a letter to LinkedIn chief executive Ryan Roslansky and Microsoft boss Satya Nadella.

newswebbs
newswebbshttps://newswebbs.com
New Webbs is an independent online news platform launched with the aim of connecting the world with the latest news on the web.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Amo Farm Sieberer Hatchery Limited Celebrates and Supports Coronation of Alaawe of Awe, Oba Cornelius Abiola Taiwo Oladokun III

Amo Farm Sieberer Hatchery Ltd., a leader in Nigeria's agricultural sector, commemorated and supported the coronation of the new...

Celebrating Chima Udoye’s Victory In Nigerian Idol Season 9 Powered by Bigi

Lagos, Nigeria - Chima Udoye has been crowned the Nigerian Idol Season 9 winner, fuelled by the refreshing Bigi...

Bigi Treats Top 4 Nigerian Idol Contestants To Special Candlelight Dinner

Lagos, Nigeria - Bigi, the beloved beverage brand known for its exciting twists on Nigerian Idol, hosted a truly...

Health-Related Expenses: Over One Million Nigerians Are Pushed Into Poverty

A recent World Bank Group report revealed a concerning trend of over one million Nigerians being forced into poverty...
- Advertisement -spot_imgspot_img

ORIGIN Tech Group Partners LBS On Human Capital Training, Development

Lagos, Nigeria - To collaborate on LBS Agribusiness Management and Greener HOPE Agricultural Productivity Programme, ORIGIN Tech Group welcomes...

Mouka Partners Herconomy, 360 Complete Woman To Present Business Grants To Women

Lagos, Nigeria - For many years, Mouka has steadfastly committed to corporate social responsibility, as evidenced by its five...

Must read

NIPR Governing Council: Local, International Supports For Nkechi Ali-Balogun’s Quest

Lagos, Nigeria - Endorsements have been pouring in from...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you

Buy More, Save More