LinkedIn Will Cut Over 700 Jobs Worldwide and Shut Its China App

LinkedIn, the networking platform used by millions of employees and companies, said on Monday it will pare down its operations in China, capping a multiyear pullback that exemplified the challenges of running a foreign business in China. From a report: The company, owned by Microsoft, said it will lay off 716 employees worldwide, including teams dedicated to engineering and marketing in China, because of slumping demand. It did not say how many of those layoffs will be in China. LinkedIn will al