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LinkedIn cuts over 700 jobs, phases out China app as demand wavers

May 9, 2023
Source: firstpost.com firstpost.com
News Snapshot:
LinkedIn would cut 716 jobs as demand wavers and also shut down its China-focused job application, the company that focuses on business professionals said on Monday The social media network owned by Microsoft Corp with 20,000 employees, has grown revenue each quarter during the last year, but it joins other major technology companies including its parent in laying off workers amid a weakening global economic outlook. In the past six months, more than 270,000 tech jobs globally have been cut, according to Layoffs.fyi, which has been tracking the fallout. LinkedIn makes money through ad sales and also by charging for...
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