Launched in 2002 by Reid Hoffman and Eric Ly, the employment-oriented site has become one of the largest global platforms for job. LinkedIn blamed “shifts in customer behavior and slower revenue growth” for the cuts, which it announced in a blogpost late Monday. LinkedIn is a social networking platform for professionals. LONDON (AP) - Professional networking platform LinkedIn says it's laying off more than 700 workers and shuttering its China jobs app, in the latest round of tech industry downsizing. LinkedIn, which is owned by Microsoft, indicated that the net number of job losses could be less than 500. 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. LinkedIn blamed “shifts in customer behavior and slower revenue growth” for the cuts.

Professional networking platform LinkedIn says it's laying off more than 700 workers and shuttering its China jobs app, in the latest round of tech industry downsizing. 2 days ago &0183 &32 Hong Kong CNN LinkedIn, the world’s largest social media platform for professionals, is cutting 716 positions and shutting down its jobs app in mainland China, the California-based company. 22, 2016, file photo shows a sculpture on a terrace outside the offices of LinkedIn in San Francisco.

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