LinkedIn is cutting 716 jobs and will begin phasing out its local jobs app in China. In a letter today, LinkedIn CEO Ryan Roslanky said the decision to shutter the standalone China app, called InCareer, was because of “fierce competition and a challenging macroeconomic climate.”
While reducing some roles, LinkedIn, which is owned by Microsoft, also plans to open about 250 new jobs in some segments of its operations, and new business and accounting management teams on May 15.
LinkedIn is the latest tech company, ranging in size from Google and Amazon to startups, to announce layoffs. Its parent company, Microsoft, said it was cutting 10,000 jobs, or nearly 5% of its global workforce, in January.
InCareer was launched in December 2021, a couple months after LinkedIn announced it was shutting down its main service in China. At that time, it attributed the decision to shutter Linke …
