LinkedIn to cut 716 jobs over slow revenue increase
By Adekemi Familusi
The world’s largest professional network on the internet , LinkedIn has revealed plans to cut 716 positions across the globe. The company further disclosed that it would shut down its jobs app in mainland China.
Chief Executive Officer of the company, Ryan Roslansky, said despite the growth of the company globally, the company had been experiencing shifts in customer behaviour and slower revenue growth.
Roslansky also stated that, “Over the years we’ve had to make hard decisions to ensure we were setting the company up to deliver on our vision, and I’m sharing one of those decisions today. As we guide LinkedIn through this rapidly changing landscape, we are making changes to our Global Business Organization (GBO) and our China strategy that will result in a reduction of roles for 716 employees.
The company boss said, “If your role is directly impacted by this decision, you will receive a calendar invitation within the next hour for a meeting with a leader from your team and a representative from our Global Talent Organisation.”
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