716 employees affected and the China application abandoned

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Aytac Unal | Anadolu Agency | Getty Images

LinkedIn, the popular enterprise social networking platform owned by Microsoftwill remove its China-specific employment app, InCareer, and lay off 716 employees globally, the company said in a statement. message to employees.

The move, announced Monday, will affect about 3.5% of LinkedIn’s approximately 19,000 employees worldwide. LinkedIn spear InCareer in December 2021 after the removal of its China-based LinkedIn product.

“While InCareer has seen some success over the past year thanks to our strong China-based team, it has also encountered fierce competition and a challenging macroeconomic climate,” said LinkedIn CEO Ryan Roslansky, in the message.

Shares of parent company Microsoft were largely flat in premarket trading on Tuesday. In Q3 2023, LinkedIn revenue grew 8% year-over-year to $3.7 billion, Microsoft results show report and SEC quarterly deposit.

InCareer will delete all user data by August 9, LinkedIn says help page.

LinkedIn will continue to operate its learning, marketing and talent businesses in China. But Roslansky signaled the company would continue to “manage expenses” in the coming year, suggesting further cost reductions or layoffs could be on the table.

China is a fertile market for US-based tech companies, which often jostle with local rivals for market share. The total number of InCareer and LinkedIn users in China was over 57 million, according to InCareer page. By comparison, domestic competitor Zhaopin claimed over 320 million business users and enterprise users ranging from Baidu to Chinese government agencies.



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