LinkedIn will cut 716 jobs and scale back its services in China.
LinkedIn CEO Ryan Roslansky said the job cuts were all about streamlining the company’s operations.
“With the market and customer demand fluctuating more, and to serve emerging and growth markets more effectively, we are expanding the use of vendors,” Roslansky wrote in a letter to employees.
“We are also removing layers, reducing management roles and broadening responsibilities to make decisions more quickly.”
As part of this, the company, which is owned by Microsoft, will also shut down its InCareers app for the Chinese market by August 9.
“Despite our initial progress, InCareer faced fierce competition and a challenging macroeconomic climate, which ultimately led us to the decision of discontinuing the service,” Roslansky said.
The LinkedIn platform remains active in China, with the company now focusing their strategy on assisting companies operating in China to hire, market and train abroad.
