In 2014, LinkedIn agreed to offer a localized version of the platform that complied with Chinese rules on content. LinkedIn used to be one of the few foreign social media platforms allowed to operate in China and directly connect Chinese and non-Chinese users. In March, China’s statistics bureau reported that 19.6% of Chinese people between ages 16 and 24 were unemployed. In the third quarter of 2022, demand for fresh college graduates among Chinese companies fell by 12.2% year on year, according to a report from jobs platform Boss Zhipin. Tech firms in particular, once a large employer of Chinese college graduates, have slowed hiring following pressure from the country’s crackdown on the sector through 20. LinkedIn’s remaining China business will focus on helping companies in the country access its talent and learning programs.Ĭhina is currently going through a jobs slowdown, with Chinese companies hiring fewer people as the economy continues to recover from tough COVID controls put in place throughout the pandemic. The company will discontinue its product and engineering teams in China, and reduce its sales and marketing departments.

The job cuts will hit LinkedIn’s China operations as well as other global departments.

The company separately announced in a letter from LinkedIn CEO Ryan Roslansky that it would be laying off 716 employees.

“InCareer faced fierce competition and a challenging macroeconomic climate, which ultimately led us to the decision of discontinuing the service,” the company wrote on Monday. On Monday, the Microsoft-owned social media company announced that it would be suspending its InCareer job application service starting Aug.

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