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LinkedIn To Cut 700 Jobs Globally

LinkedIn employees 20,000 people worldwide,

LinkedIn, the social media network owned by Microsoft that focuses on business professionals, said it would cut 716 jobs worldwide as demand wavers.

It is not yet known what impact the job cuts will have on LinkedIn's Irish-based workforce. The company employs 2,000 people at its EMEA and LATAM headquarters in Dublin.

The company also said it would shut down its China-focused job application.

LinkedIn, which has 20,000 employees worldwide, has grown revenue each quarter during the last year, but it joins other major technology companies including its parent in laying off workers amid a weakening global economic outlook.



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