LinkedIn will eliminate 716 positions globally due to a poor revenue growth
The largest professional social media site in the world, LinkedIn, has announced plans to eliminate 716 jobs globally.
The business also announced that it would discontinue its employment app in mainland China.
Ryan Roslansky, the company's chief executive officer, noted that despite the company's global expansion, it had been encountering changes in consumer behavior and slower sales growth.
In a letter headed "A message from LinkedIn's CEO" sent to platform employees on Monday, Roslansky informed them of this.
“Our colleagues who are impacted by this announcement have all made invaluable contributions to our company. I want to recognize the impact this decision has on the lives of those individuals. And I want all of you to know that the entire leadership team and I are dedicated to helping our colleagues during this transition and ensuring that they are treated with the care and respect they deserve.
Roslansky added, “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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