As fewer employees look for new jobs and fewer companies hire, LinkedIn is facing less demand for its services. In May, the social network said it planned to shutter its Chinese jobs app and cut about 716 roles.
Still, LinkedIn has grown under MicAs fewer employees look for new jobs and fewer companies hire, LinkedIn is facing less demand for its services.rosoft, which acquired the professional network for $26.2 billion in 2016. The company said revenue from LinkedIn rose 5% In the quarter ending June 30, and forecast growth for the quarter ending Sept. 30 in the “low-to-mid single digits.” Microsoft reports earnings for the whole company next week.
