LinkedIn is laying off 716 staff and closing its job search app in China

LinkedIn is the latest notable tech company to announce a round of mass layoffs. It's letting 716 people go and shutting down its job search app in China. LinkedIn CEO Ryan Roslansky said in a memo to employees that the cuts were part of a shift in strategy that was driven by changes in customer behavior and slower revenue growth. That's despite the platform seeing record levels of engagement and "making meaningful progress creating economic opportunities for our members and customers."