LinkedIn Announces Worldwide Layoffs, Ends Jobs App and Most China Operations

LinkedIn is laying off 716 people and shutting down its job search app in China
The company is cutting jobs due to revenue challenges and shifts in customer demand
LinkedIn will narrow its focus in China to helping companies hire and train employees outside the country
The company will open 250 new positions in some areas as it streamlines operations
The layoffs and operational changes come amid a larger pullback in the tech sector that has led companies to cut tens of thousands of jobs this year