LinkedIn shuts down last China app amid global job cuts, ending a platform that trailed far behind domestic rivals
- InCareer is shutting down as LinkedIn cuts more than 700 jobs globally and turns its China focus to cross-border hiring
- LinkedIn joins peers like Google, Facebook and Twitter without a platform in China, after shutting down its main social network there in 2021
The company is cutting 716 jobs across its global operations amid “fierce competition” and “slower revenue growth”, CEO Ryan Roslansky wrote in a letter published on Monday. Revenue was up 8 per cent year on year in the quarter ended March, slower than the 10 per cent and 17 per cent growth in the two previous quarters, according to Microsoft financial disclosures.
In China, LinkedIn is dismissing its product and engineering teams and downsizing the corporate, sales, and marketing departments, Roslansky said in the letter. It will maintain the talent, marketing and learning businesses to focus on “assisting companies operating in China to hire, market, and train abroad”, he added. The letter did not specify the size of job cuts in China.
LinkedIn launched in China in 2014, making it relatively long-lived in the country for a foreign platform. To operate in the country, it censored content deemed sensitive by Beijing.