LINKEDIN DOWN NEWS PROFESSIONAL

Since December 2016, it has been a wholly owned subsidiary of Microsoft. From 2015 most of the company's revenue came from selling access to information about its members to recruiters and sales professionals.

LINKEDIN DOWN NEWS PROFESSIONAL

The platform is primarily used for professional networking and career development, and allows jobseekers to post their CVs and employers to post jobs. The company cited “a significantly more challenging operating environment and greater compliance requirements” for its decision.LinkedIn ( / l ɪ ŋ k t ˈ ɪ n/) is a business and employment-focused social media platform that works through websites and mobile apps.

Yet in October 2021, LinkedIn announced that it would discontinue its popular content publishing and social networking functions in favor of a stripped-down application that focused solely on job applications. TikTok is also not available in China, with developer ByteDance instead offering Douyin, a short-video app for the Chinese market that complies with Beijing’s rules on content. LinkedIn’s social media peers, like Facebook, Twitter, and Instagram, are all blocked in China. “LinkedIn’s absence in China would deny Chinese professionals a means to connect with others on our global platform, thereby limiting the ability of individual Chinese citizens to pursue and realize the economic opportunities, dreams, and rights most important to them,” LinkedIn’s then-CEO Jeff Weiner wrote at the time. 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.

Linkedin down news