![]() ![]() Jobs in product, engineering, corporate, sales and marketing in China would go. The company’s China-based jobs app, InCareer, would shut from 9 August, with the company to focus on helping companies in China to hire, market and train abroad, Roslansky said. LinkedIn has about 20,000 employees globally. ![]() CNN Sans ™ & © 2016 Cable News Network.He said 250 new jobs would be created in operations, new business and account management teams from 15 May. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account “We’re also facing a significantly more challenging operating environment and greater compliance requirements in China.” “While we’ve found success in helping Chinese members find jobs and economic opportunity, we have not found that same level of success in the more social aspects of sharing and staying informed,” LinkedIn wrote in an October 2021 blog post. Since Xi Jinping took power in 2012, he has tightened control over what can be said online and launched a series of crackdowns on the internet. The operating environment in China has also become more challenging. A major feature that powered its success was that it allowed users to post anonymously in a chat forum. In a few years it surpassed LinkedIn to become the most popular professional networking platform in the country, with 110 million verified members. Maimai was launched in 2013 and dubbed the Chinese version of LinkedIn. ![]() Xiaomi layoffs: Thousands of tech jobs cut as China's unemployment crisis deepens 8, 2021 shows the Office building of Xiaomi Group in Shanghai, China. But it lagged behind local competitors such as Maimai. 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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