LinkedIn to lay off more than 700 workers, will shut down China app

Workers are also being kicked out of LinkedIn, the world-wide professional networking site. LinkedIn, which is owned by software company Microsoft, has about 20,000 workers and has grown revenue every quarter of the past year. It has also announced the closure of its app in China.

LinkedIn has told that it will reduce 716 jobs. linkedin CEO Ryan Roslansky told employees in a letter that the decision to cut sales, operations and support teams was made to balance the company’s operations. This will help the company to remove unnecessary layers as well as make quick decisions. The company told that the app is being discontinued in China. Nearly two years ago, LinkedIn decided to exit China citing challenging conditions. The company told that its app was facing tough competition. Apart from this, macroeconomic challenges were also making it difficult. In view of this, it has been decided to discontinue the app.

The company said that it will have a presence in China and will focus on helping companies operating in China through its talent and marketing solutions. earlier this year Microsoft had also decided to lay off thousands of workers. The company plans to reduce its workforce by about 5 percent. About 11,000 workers can be fired from Microsoft. This will have a greater impact on engineering and human resources divisions.

It was told in the Reuters report that the company is under pressure to maintain the growth rate of its cloud unit Azure. For the past few quarters, the personal computers market has been hit by the recession and this has affected the sales of Microsoft’s Windows and devices. Microsoft will announce the results of the last quarter on January 24. The company had around 2,21,000 workers at the end of the June quarter last year. Of these, about 1,22,000 were in the US and the rest in other countries. Earlier, Meta, which runs Amazon and social media site Facebook, also laid off a large number of workers. Billionaire Elon Musk fired half of the company’s staff after gaining control of the microblogging site Twitter.

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