Subj : LinkedIn cuts hundreds of jobs, closes Chinese app for good
To   : All
From : TechnologyDaily
Date : Tue May 09 2023 10:15:03

LinkedIn cuts hundreds of jobs, closes Chinese app for good

Date:
Tue, 09 May 2023 09:01:00 +0000

Description:
More than 700 jobs and an entire app cut in latest LinkedIn cost-saving 
measures.

FULL STORY
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Despite record engagement on the platform, LinkedIn CEO Ryan Roslansky has 
announced 716 employees will be laid off, accounting for 4% of the workforce 
(via Layoffs.fyi ). 

In a note shared with LinkedIn employees, a greater number of tech workers 
have been laid off in the first few months of 2023 than in 2022 as a whole, 
though the precise reason for LinkedIns cutbacks remains misted. 

Roslansky blamed shifts in customer behavior and slower revenue growth in his 
letter to employees, giving no mention to the rise in AI that has been 
affecting jobs globally in recent weeks. LinkedIn cuts 

The companys Global Business Organization (GBO) is the first of two 
operations to be under review with the recent announcement. The changes will 
see teams work more closely together, with a reduction in managerial layers 
in the name of better agility. 

However, in light of the new skill sets needed to feed LinkedIns growing and 
seemingly insatiable appetite for artificial intelligence, more than 250 new 
roles are set to open, knocking a third off the total figure for net 
redundancies and bringing it down to the 500 mark. Read more 

 > These are the best job sites around 


 > LinkedIn can now get users verified for free 


 > LinkedIn wants to use AI to help you nail that job application 

Alongside the worker cuts, LinkedIn also announced its China-local jobs app, 
InCareer, is set to be axed by early August 2023. 

Despite our initial progress, InCareer faced fierce competition and a 
challenging macroeconomic climate, which ultimately led us to the decision of 
discontinuing the service," the announcement said. 

Users have been given until August 9 to download their data, after which it 
will be deleted. They are also being reminded that other LinkedIn features 
will remain unaffected. 

A plan for the fiscal year ahead is set to be announced in the coming weeks, 
though the Microsoft-owned company has already indicated that the challenges 
are expected to continue. Looking for new talent? Check out the best 
recruitment platforms



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Link to news story:
https://www.techradar.com/news/linkedin-cuts-hundreds-of-jobs-closes-chinese-a
pp-for-good


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