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LinkedIn | WION #Job_Hunt_Platform, LinkedIn is #axing about 4% of its #workforce. It translates to 700 workers being #laid_off globally. The company also says it will #shut its China focused app.
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#LinkedIn Layoffs: #Microsoft_owned LinkedIn firm cuts 700 #jobs, as #Global_Economic #WOES_CONTINURE | May 10, 2023 #linkedin #microsoft #latestnews
Microsoft_owned #professional_networking? site LinkedIn has announced plans to cut 716 jobs as a result of #DECLINING_DEMAND.
The company will also #SHUT_DOWN its #China_focused #job_application. Despite experiencing revenue growth over the past year, LinkedIn, like other major tech firms including Microsoft, is #forced to lay off workers due to the #weakening global economic #outlook.
With a current workforce of 20,000 employees, LinkedIn's decision to #reduce its #staff highlights the challenges faced by tech companies in the current economic climate.
The job cuts reflect the need for adaptation and cost-cutting measures to navigate uncertain market conditions.
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