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LinkedIn axes 716 jobs in fresh tech cuts, shuts China app

By AP News - May 09, 2023, 06:54 AM ET
Last Updated - Jun 21, 2023, 09:42 PM EDT
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ASSOCIATED PRESS

Professional networking platform LinkedIn says it’s laying off more than 700 workers and shuttering its China jobs app

LONDON AP" target="_self">(AP) — Professional networking platform LinkedIn says it's laying off more than 700 workers and shuttering its China jobs app, in the latest round of tech industry downsizing.  

LinkedIn blamed “shifts in customer behavior and slower revenue growth” for the cuts, which it announced in a blogpost late Monday.  

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Technology companies have resorted to recurring waves of layoffs over the past year, in new phenomenon to hit the industry that reverses more than a decade of mostly unbridled growth.  

LinkedIn, which is owned by Microsoft, indicated that the net number of job losses could be less than 500.  

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