LinkedIn to lay off 700 workers and shut down its China app

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LinkedIn to lay off 700 workers and shut down its China app
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LinkedIn plans to lay off more than 700 workers as it deals with slowing revenue growth and rethinks its strategy in China by shutting down a jobs app there.

The Microsoft Corp.-owned MSFT business announced the planned 716 job cuts Monday in a note to employees that was also posted to the company’s corporate site.The Microsoft Corp.-owned MSFT business announced the planned 716 job cuts Monday in a note to employees that was also posted to the company’s corporate site.

“In an evolving market, we must continuously have the conviction to adapt our strategy in order to make our vision a reality,” he continued.

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