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

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

-

- Advertisment -spot_img
TV AND SOUND SALE

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

Libya Resumes Full Oil Production, Amidst Political Crisis

Nearly two months after halting operations at two of its main fields amid a political crisis, Libya's state oil...

Google Unveils New Video-Based Search Feature

Considered unique innovation, Google has released a new feature which will allow people to search the internet by taking...

NSCDC Nab 5 Illegal Security Guards For Possession of Firearms

Anambra, Nigeria - Five suspected illegal private security guards have been arrested by the Nigeria Security and Civil Defence...

Sharebeta Expands National, Global Reach with Acquisition of Nigeria’s Ace Sports Marketing

Lagos, Nigeria - Sharebeta—a proudly Nigerian marketing communications and audio-visual production company is taking bold strides toward shaping the...
- Advertisement -spot_imgspot_img

Origin Tech Group: Working Hard to Help Shore up Nigeria’s Food Independence

As Nigeria celebrates her 64th Independence anniversary, the Greener Hope Large Scale Mechanisation Agriculture Productivity Programme (GHAPP), a groundbreaking initiative aimed...

Excitement Soars as Nigeria, UAE Strengthen Ties with Flight Resumptions

Lagos, Nigeria - On Independence Day, October 1, 2024, Nigeria not only celebrated 64 years of freedom but also...

Must read

- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you

MEN'S FASHION
DEFACTO OFFICIAL STORE