In a recent internal email from LinkedIn CEO Ryan Roslansky, sweeping changes were announced, eliminating hundreds of roles.
The adjustments, which are expected to affect China’s global business organization and strategy, are summarized below:
A total of 716 positions will be affected by the restructuring efforts. LinkedIn is reorienting its Global Business Organization (GBO) to improve growth and agility. The company plans to realign how work is done, integrating teams more closely to better support customers. Greater use of vendors will be implemented to serve emerging and growing markets more effectively. To streamline decision-making, management layers will be reduced and responsibilities will be expanded. More than 250 new positions are expected to open in specific segments of operations, new business and account management teams starting May 15. LinkedIn will shift its focus in China to help companies operating in China recruit, market and train abroad. LinkedIn’s local job application in China, InCareer, will be phased out on August 9, 2023. These changes are part of the company’s effort to adapt to changes in customer behavior and slower revenue growth, setting a new direction for platform growth and development. in fiscal year 24 and beyond.
The reasons behind the changes
Roslansky announced these changes as part of an effort to guide LinkedIn through a rapidly changing landscape.
The decision to restructure is in response to changes in customer behavior and slower revenue growth.
Roslansky stated that the company must adapt its strategy to remain competitive and effective in a changing market.
A change of focus
The next phase of growth for LinkedIn’s global business organization is focused on three themes:
Reorganizing how work is done. Be more agile Align teams for growth
LinkedIn plans to integrate teams more closely to better support customers, expand the use of vendors to serve emerging and growing markets, and reduce management roles to make decisions faster.
In addition to these changes, starting in May, more than 250 new positions will be opened in specific segments of operations, new business and account management teams.
Changes to LinkedIn’s China strategy
Roslansky revealed a change in LinkedIn’s China strategy. The focus will now be on helping companies operating in China to recruit, market and train abroad.
This will involve maintaining the Talent, Marketing and Learning businesses while phasing out InCareer, LinkedIn’s local job application in China, by August 9, 2023.
Support for affected employees
LinkedIn is committed to providing full support to those affected by these changes.
US employees eligible for benefits will receive severance pay, continued health coverage and career transition services. Benefits for employees outside the US will align with each country’s local labor laws and practices.
There will also be an internal mobility process to help find new roles for affected team members if there are suitable skills.
LinkedIn’s vision of the future
As LinkedIn enters its third decade in business, it’s gearing up for what could be the most consequential period in its history.
As AI accelerates changes in the global economy and job market, LinkedIn’s role in helping members and clients navigate these changes to access economic opportunities becomes more crucial.
The company expects the macro environment to remain challenging, but is prepared to adapt, managing its expenses while investing in strategic growth areas.
Featured image: Ascannio/Shutterstock
source: LinkedIn
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