Social networking firm LinkedIn announced on Tuesday that it is phasing out its InCareer service in China after fierce domestic competition.<br>Microsoft-owned LinkedIn was one of the few US technology companies to successfully operate a social media site in China, where the internet is heavily regulated and censored.<br>The company had introduced a unique domestic version of the career networking platform operated locally in order to comply.<br>In 2021, new sign-ups for the LinkedIn app in mainland China were suspended by the firm, which referenced a ‘significantly more challenging operating environment and greater compliance requirements in China’.<br>Microsoft then replaced it with a simplified version called InCareer, which allowed local professionals to continue to find and apply for jobs as well as stay connected with their network.<br>InCareer was launched a jobs board that didn’t include a social feed or or the ability to share posts or articles. <br> LinkedIn was one of the few US technology companies to successfully operate a social media site in China but it has now decided to phase out InCareer<br> An email from CEO Ryan Roslansky, pictured,  revealed how closing the China service would result in ‘a reduction of roles for 716 employees’ blaming ‘shifts in customer behavior and slower revenue growth.'<br>’After careful consideration, we’ve made the decision to discontinue InCareer effective August 9, 2023,’ the platform said in a statement on Tuesday.<br>’Despite our initial progress, InCareer faced fierce competition and a challenging macroeconomic climate, which ultimately led us to the decision of discontinuing the service,’ LinkedIn said.<br>An email from CEO Ryan Roslansky published online added that closing the China service would result in ‘a reduction of roles for 716 employees’ noting ‘shifts in customer behavior and slower revenue growth.'<br>As part of its strategic shake-up, LinkedIn said it will be ‘opening up more than 250 new roles’ in parts of its operations team as well as new business and account management departments starting on May 15. <br>LinkedIn previously laid off almost 1,000 employees in July 2020, or approximately six percent of its global workforce.<br>At the time, LinkedIn’s business was hit by the slowdown in hiring as companies laid off staff or sharply curtailed recruitment.  <br> LinkedIn blamed ‘shifts in customer behavior and slower revenue growth’ for the cuts.

Technology companies have resorted to recurring waves of layoffs over the past year, in new phenomenon to hit the industry that reverses more than a decade of mostly unbridled growth. <br>A representative from the company also said that LinkedIn would ‘continue to have a presence’ in the country by focusing on ‘assisting companies operating in China to hire, market, and train abroad’.<br>The US firm once achieved a rapid rise in China, benefiting from a culture of connections, or ‘guanxi’, in which one’s contacts and professional network are essential assets.<br>However, LinkedIn has been marginalized in recent years as innovative local apps have surged in popularity.<br>Several . <br>Previously the site was a place for people to boast about their career and accomplishments but the tone has since shifted. <br>During the pandemic, many posted stories of how lockdowns were affecting their jobs.

Now, users are sharing tales of how they were laid off.<br> At just seven large tech firms, the job cuts announced in recent months total nearly 70,000: Amazon, Alphabet, Meta, Microsoft, Salesforce, HP and Twitter<br>Most US internet giants – including Facebook, Twitter, Instagram and YouTube – have long been blocked in China as they fail to comply with strict regulations.<br>Tech firms operating in the country are pressured to block unwanted content and topics considered politically sensitive in the name of social stability.<br>LinkedIn has come under fire in recent years for removing the accounts of dissidents and erasing content on sensitive issues.<br>مایکروسافت لایسنس, you can contact us at the web-site.