![]() ![]() By 2021, it had more than 50 million members in the country, making it the company’s third biggest market after the United States and India. ![]() The US social media site has faced tough competition in China. In March 2021, LinkedIn had to suspend signups in China to ensure it was “in compliance with local law.” A few months later, it replaced that app with InCareer, which was focused solely on job postings, with no social networking features such as sharing or commenting. But its moves to censor posts in the country, in accordance with Chinese laws, came under criticism. ![]() LinkedIn first entered China in 2014 by launching a localized version of its main app. Twitter, Facebook and Youtube have been banned in the country for more than a decade. LinkedIn is the last major Western social media app still operating in mainland China. David Ryder/Getty ImagesĢ023 layoff tracker: The latest on which companies have announced job cuts headquarters on Novemin Seattle, Washington. “We will continue to manage our expenses as we invest in strategic growth areas.”Ĭorporate office buildings rise above The Spheres at the Inc. “As we plan for, we’re expecting the macro environment to remain challenging,” Roslansky said. Amazon also said during the same month it would eliminate 9,000 positions, on the heels of the 18,000 roles the company announced it was cutting in January. Meta announced in March an additional 10,000 layoffs on top of mass layoffs announced in 2022. (MSFT), has joined a slew of US tech companies that have made significant job cuts this year. “As we guide LinkedIn through this rapidly changing landscape, we are making changes to our Global Business Organization and our China strategy that will result in a reduction of roles for 716 employees,” he said. The decision was made amid shifts in customer behavior and slower revenue growth, CEO Ryan Roslansky said Monday in a letter to employees. LinkedIn, the world’s largest social media platform for professionals, is cutting 716 positions and shutting down its jobs app in mainland China, the California-based company announced. ![]()
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