The job search app will stop working in the Asian country due to “fierce competition and a difficult macroeconomic climate” that affects other giants such as Facebook, Twitter or YouTube.
LinkedIn announced that it will close its platform in China and will thus cut more than 700 jobs job due to a context of “increased regulatory compliance requirements”.
In 2021, Microsoft, owner of the job search app, had blocked LinkedIn and replaced it with a stripped down local version called InCareerwhich allowed local professionals to continue to find and apply for jobs, as well as stay connected to their network.
LinkedIn CEO Ryan Roslanskyannounced it this Tuesday through an official statement: “As the market and customer demand fluctuate more, and to more effectively serve emerging and growing markets, we are expanding the use of suppliers.”
LinkedIn has been increasingly marginalized in recent years, amid a host of innovative local apps. The areas of sales, operations and support were affected by this cut, although the company aims to streamline operations to achieve faster decisions.
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LinkedIn targets job creation
Despite the shutdown in China, LinkedIn is targeting the creation of 250 new jobs, which will be filled by affected employees after the shutdown.
In addition, Microsoft announced the closure of InCareer, a new job application to help professionals based in mainland China find work and Chinese companies to discover great talent, as defined by the company on the official LinkedIn page.
Roslansky also reported the move in the statement: “Despite our initial progress, InCareer faced fierce competition and a difficult macroeconomic climatewhich ultimately led us to make the decision to discontinue the service.”
Other applications used worldwide, such as Facebook Twitter, Instagram or YouTube They are also blocked in China due to strict local legislation and guidelines questioned by the technology sector, which has been in a crisis since the end of 2022.
Source: Ambito
