DelhiDesk LinkedIn, owned by Microsoft, is set to cut 716 jobs and shut down its China-focused job application due to weak global economic outlook and declining demand. Despite increasing its revenue every quarter over the past year, LinkedIn has joined major technology companies in laying off employees. LinkedIn CEO Ryan Roslansky said that the job cuts were aimed at streamlining the company’s operations. Over 2,70,000 tech jobs have been cut worldwide in the last six months, with large numbers of layoffs taking place in companies like Amazon, Facebook, and Google’s parent company Alphabet.
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👉 LinkedIn to cut 716 jobs and shut down its China-focused job application
👉 Move comes amid weak global economic outlook and declining demand
👉 LinkedIn has increased revenue every quarter over past year
👉 LinkedIn CEO says job cuts aimed at streamlining company’s operations
👉 LinkedIn still has presence in China to help companies recruit and train employees
👉 Over 270,000 tech jobs lost worldwide in last 6 months
👉 Amazon, Facebook, Google’s Alphabet, and Meta have all laid off employees
👉 Microsoft laid off around 10,000 employees earlier this year
👉 Amazon has killed 27,000 employees in two rounds of layoffs so far.
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