Besides performing layoffs towards 716 jobs, LinkedIn also decides to finish phasing out the InCareer platform by August 9, 2023.
Heaptalk, Jakarta — A Microsoft Corp-owned social media network focusing on business professionals, LinkedIn, is reported to reduce approximately 716 jobs (05/04). Apart from slashing its workforce, this company also plans to cease its job search apps in China.
According to the letter to employees, the CEO of LinkedIn, Ryan Roslansky, the company’s action will affect several divisions: sales, operations, and support teams. Through this complex decision, LinkedIn aims to streamline its business operation and remove layers, expecting to make a quicker decision.
Furthermore, Roslansky added, “With the market and customer demand fluctuating more, and to serve emerging and growth markets more effectively, we are expanding the use of vendors,”
Although the LinkedIn platform has improved its quarterly business revenue for the last year, the tech company has joined several giant technology companies worldwide in laying off employees, including its parent company, Microsoft.
While slashing many of its employees, this Microsoft-owned tech company which consists of around 20,000 employees, also intends to open about 250 new jobs in multiple segments of its business operations and new business and accounting management teams on May 15. According to the company’s spokesperson, the affected employees would be eligible to apply for the available roles.
Regarding the business shutdown of the local jobs application in China, LinkedIn decides to finish phasing out the InCareer platform by August 9, 2023, because of the fierce competition and a challenging macroeconomic climate. The company will shift the strategy in this region to boost companies operating in China to hire, market, and train abroad. InCareer’s phasing out and job-cutting resolution are part of LinkedIn’s transformation to its Global Business Organization (GBO) and China strategy.
As additional information, InCareer was established in December 2021 after LinkedIn announced to cease its primary service in China. This platform was intended to help professionals within the China network find and apply for jobs. However, this move was up against competitors, such as Maimai, the dominant professional networking site in the country with over 120 million users.
“In an evolving market, we must continuously have the conviction to adapt our strategy to make our vision a reality. As we turn 20, we are entering a new decade for LinkedIn, perhaps the most consequential we have ever experienced. AI is just beginning to accelerate changes in the global economy and labor market. LinkedIn is more essential than ever to help our members and customers navigate the obstacles to access economic opportunity,” Roslansky said, cited in aljazeera.com.
In 2024, the CEO observed the year will remain challenging, and his team has adapted as they have done this year. As a result, the company will continue to operate with the ambition needed to deliver its vision and pragmatism required to manage the business more efficiently.
