LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday (May 8) it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application. LinkedIn, which has 20,000 employees, has grown revenue each quarter during the last year, but it joins other major technology companies including its parent in...
A keyboard is placed in front of a displayed LinkedIn logo in this illustration taken Feb 21, 2023.LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.
LinkedIn makes money through ad sales and also by charging for subscriptions to recruiting and sales professionals who use the network to find prospects. A LinkedIn spokesperson said the vendors were "external partners" who would take on new and existing work.
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