News Formal

Tech layoffs: Microsoft-owned LinkedIn cuts over 700 jobs, shuts down China app InCareer

  • 📰 IntEngineering
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The company cited ‘shifts in customer behavior and slower revenue growth’ as the primary reasons for the layoffs. Find out more at 🚀 engineering interestingengineering

Amid the wavering global economic outlook and a looming recession, LinkedIn has joined the

of companies that have massively cut down jobs in the past six months. In a statement released Monday, the company announced that it would be laying off 716 people from its workforce of over 19,000.to all LinkedIn employees, CEO Ryan Roslansky said, “Over the years we've had to make hard decisions to ensure we were setting the company up to deliver on our vision, and I'm sharing one of those decisions today.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 287. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LinkedIn cuts over 700 jobs, exits China app as demand waversLinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.
Source: Reuters - 🏆 2. / 97 Read more »

Tech's been hit by layoffs. But Singapore is still investing big in its talent — in tech and beyondSingapore companies across tech and non-tech sectors alike are hiring and developing more tech talent.
Source: CNBC - 🏆 12. / 72 Read more »