In a letter to staff members, LinkedIn CEO Ryan Roslansky explained that the company’s processes will be streamlined by eliminating layers in the sales, operations, and support teams. This would enable quicker decision-making.
We are increasing the usage of suppliers, according to Roslansky, “as the market and customer demand fluctuate more and to better serve emerging and growth markets.”
The suppliers, according to a LinkedIn representative, were “external partners” who would take on both new and existing business.
Additionally, according to Roslansky’s letter, the modifications will lead to the creation of 250 new employment. The representative stated that affected employees would be qualified to apply for such positions.
LinkedIn also announced that it was getting rid of the scaled-down jobs app it provides in China after deciding to primarily leave the country in 2021 due to a “challenging” climate. By August 9, LinkedIn announced it will phase down the final China app, dubbed InCareers.
The company informed website visitors that, “despite our initial progress, InCareer faced fierce competition and a challenging macroeconomic climate, which ultimately led us to the decision of discontinuing the service.”
According to a company representative, LinkedIn will continue to have a presence in China to support Chinese businesses looking to hire and educate personnel abroad.
The majority of recent layoffs in the tech industry have been made by huge corporations, including 27,000 at Amazon, the highest number in its history.
Meta Platforms Inc., the company that owns Facebook, cut 21,000 jobs, while Alphabet Inc., the company that owns Google, cut 12,000 jobs.
According to Layoffs.fyi, 5,000 technical jobs had already been cut before LinkedIn’s statement.
Microsoft, which paid over $26 billion to acquire LinkedIn in 2016, recently announced the elimination of 10,000 jobs and recorded a $1.2 billion penalty as a result.
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