LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its Chinafocused job application.
The layoffs, which come at a time when the company is turning 20, are part of the company’s new strategy to match evolving market conditions due to macroeconomic conditions, CEO Ryan Roslansky said in a letter to employees.
The layoffs, which come at a time when the company is turning 20, are part of the company’s new strategy to match evolving market conditions due to macroeconomic conditions, CEO Ryan Roslansky said in a letter to employees.
Microsoft-owned LinkedIn has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO), along with shutting down its InCareer app in China.