Professional networking platform LinkedIn has announced more than 700 workers will be laid off. It also plans to wind down its app in China.
It becomes the latest tech firm to announce plans to downsize its workforce. LinkedIn blamed "shifts in customer behaviour and slower revenue growth" for the cuts, which it announced in a blogpost late on Monday.
Technology companies have resorted to recurring waves of layoffs over the past year, in a new phenomenon to hit the industry that reverses more than a decade of mostly unbridled growth. LinkedIn, which is owned by Microsoft, indicated that the net number of job losses could be less than 500.
