LinkedIn has announced 716 layoffs To streamline operations

LinkedIn layoffs: 716 positions eliminated, China app closed (Image credit- gHacks)

Social media platform for business professionals owned by Microsoft As a result of changes to the way the business operates, LinkedIn stated that it would eliminate 716 positions. Its local employment app in China would eventually disappear as a result of this. As part of broader changes to its business processes, LinkedIn informed its 716 employees in a letter that it will be eliminating positions. According to the reports, the corporation would eliminate positions from its teams for sales, operations, and support in an effort to streamline its entire business. CEO of LinkedIn Ryan Roslansky remarked that due to the daily changes in the market and client demand, the company is increasing its usage of vendors. It will better serve emerging and growth markets through this procedure. As he said, "We are also removing layers, reducing management roles, and broadening responsibilities to make decisions more quickly." However, the adjustments would lead to the establishment of a new set of occupations, and individuals who would be impacted by them will be qualified to apply for those positions. In the coming months, 250 positions on LinkedIn will become available. [caption id="" align="aligncenter" width="600"] Image credit- Tech Times[/caption] Due to the company's decision to leave China in 2021, LinkedIn also disclosed that it will discontinue offering the streamlined jobs application in China. InCareers will be phased out by August 9th this year, according to the corporation, which cited a "challenging environment" as the reason. On its website, InCareers explained that despite its initial success in the nation, the company had to decide to end the service due to intense competition and a difficult macroeconomic environment. When Microsoft shut down LinkedIn in China after seven years of operation, the platform joined the Chinese market. Also read:  LinkedIn Launches New Verification Badge System to Combat Imposters LinkedIn stated in 2021 that, "While we've found success in helping Chinese members find jobs and economic opportunity, we have not found that same level of success in the more social aspects of sharing and staying informed." This is in addition to the difficult operating environment and stricter compliance requirements.