A new name has been included in the trend of mass layoffs that has been going on at tech companies in recent months. LinkedIn, altogether the most popular business network in the world 716 employees announced that he would be fired.

The decision made as part of the strategy change was announced in an email signed by the company’s CEO, Ryan Roslanky. The CEO stated that InCareer, the standalone version of the platform in China, will also be shut down.

Workers are laid off for reasons such as a slowdown in income growth.

LinkedIn, which operates under Microsoft and has 20,000 employees, is one of the reasons for the decision. slowdown in sales growth He said there are such things. The layoffs also include sales, operations and support teams. All of this placed LinkedIn between companies laying off their employees.

Layoffs.fyi data worldwide in the last six months more than 270 thousand It turned out that the technician had been fired.

Roslansky noted that the changes made to his email were in a number of other sections. 250 new jobs He also stated that he will create It was mentioned that the purchases will be made here on May 15.

InCareer, the Chinese version of LinkedIn, is discontinued due to competition

On the other hand, InCareer in China, tough competition and economic conditions. It has also been added that it will be closed due to InCareer, a job networking platform just like LinkedIn, was launched in 2021 and replaced LinkedIn in China. However, in the recent period, applications such as Maimai with 120 million users, serving similar purposes in the country, Stayed behind.

The company belongs to InCareer by August 9 The intention is to phase it out gradually. However, he adds that he will continue to be active in areas such as marketing in China.