"LinkedIn cuts 716 jobs as it phases out its China app", 10 May 2023

LinkedIn is cutting 716 jobs and will begin phasing out its local jobs app in China. In a letter..., LinkedIn CEO Ryan Roslansky said the decision to shutter the standalone China app, called InCareer, was because of “fierce competition and a challenging macroeconomic climate.”

While reducing some roles, LinkedIn, which is owned by Microsoft and has 20,000 employees, also plans to open about 250 new jobs in some segments of its operations, and new business and accounting management teams on May 15.

Laid off employees who are covered by U.S. benefits will get severance pay, continuing health coverage and career transition services, while employees outside the U.S. will get benefits that align with local labor laws and practices.

The layoffs and InCareer’s phasing out are part of changes that LinkedIn is making to its Global Business Organization (GBO) and China strategy. As part of that, LinkedIn is sunsetting its Business Productivity team. It also plans to reduce management roles and use more vendors to “serve emerging and growth markets more effectively.”

Roslansky said he expects fiscal year 2024 to “remain challenging.