LinkedIn slashing 716 jobs, shutting down China-focused app
Roughly a week after celebrating its 20th birthday, LinkedIn is laying off hundreds of employees and closing InCareer — its local jobs app in China.
In an email to staff on May 8, CEO Ryan Roslansky said 716 jobs will be eliminated as the social media platform makes changes to its Global Business Organization (GBO) and China strategy.
“While we’re making meaningful progress creating economic opportunities for our members and customers and experiencing record engagement on the platform, we’re also seeing shifts in customer behaviour and slower revenue growth,” Roslansky said.
“In an evolving market, we must continuously have the conviction to adapt our strategy in order to make our vision a reality.”
The reduction comes just months after Microsoft, LinkedIn’s parent company, announced in January that it was laying off 10,000 employees.
Roslansky added that the company will phase out InCareer by August 9, 2023.
“Though InCareer experienced some success in the past year thanks to our strong China-based team, it also encountered fierce competition and a challenging macroeconomic climate.”
According to news outlets, including Reuters, LinkedIn employs a global workforce of approximately 20,000 people.
Impact on Canadian staff
LinkedIn didn’t disclose how many Canadian employees are affected by the latest round of cuts.
While the social media platform utilizes a hybrid work model, it does have an office in Toronto.
According to the company’s LinkedIn page, it employs more than 300 people in Canada.
If you’re a non-unionized employee, check out our Microsoft Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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