In a message to staff on Monday, Ryan Roslansky, the platform’s chief executive, said that 716 staffing cuts would be made as part of an altered strategy amid shifting customer behaviour and slower revenue growth.

“As we guide LinkedIn through this rapidly changing landscape, we are making changes to our Global Business Organization (GBO) and our China strategy that will result in a reduction of roles for 716 employees,” wrote Roslansky.

He later continued, “We’ve learned we need to re-organize for greater agility and growth in FY24 and beyond and are focused on three themes – reorganizing how work gets done, becoming more agile, and aligning our teams for growth.”

As part of these efforts, the company is reducing its total headcount of 20,000 by 716, but also opening 250 new roles in departments such as operations and account management.

Those whose jobs will be cut have already been notified.

Additionally, Roslansky said that the company is also phasing out InCareer, LinkedIn’s local jobs app in China, as part of amendments to its China business strategy.

“Though InCareer experienced some success in the past year thanks to our strong China-based team, it also encountered fierce competition and a challenging macroeconomic climate,” reads Roslansky’s message.

LinkedIn — the only major Western social media platform operating in China — will phase out InCareer by 9 August.

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“As we turn 20, we are entering a new decade for LinkedIn,” Roslansky wrote towards the end of the message.

“As we plan for FY24, we’re expecting the macro environment to remain challenging. We’re adapting as we have done this year and will continue to operate with the ambition we need to deliver on our vision and the pragmatism required to run the business well.

“We will continue to manage our expenses as we invest in strategic growth areas, knowing that the foundations we are putting in place now – for innovation, agility and scale – are setting us up for the years ahead.

“Our focus over the next week is on supporting our impacted colleagues. We are saying goodbye to exceptional individuals, and any company will be fortunate to have them.”

Roslansky’s full message can be read here.