LinkedIn lays off 716 employees to 'streamline ops', exits China market

 

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 Microsoft-owned LinkedIn has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO) and exits the China market.

The company's CEO Ryan Roslansky said in an email to employees that the move was aimed at streamlining the company's operations.

"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," he wrote late on Monday.

"If your role is directly impacted by this decision, you will receive a calendar invitation within the next hour for a meeting with a leader from your team and a representative from our GTO," he added.

He admitted that while the platform is making meaningful progress creating economic opportunities for its members and customers and experiencing record engagement on the platform, "we're also seeing shifts in customer behaviour and slower revenue growth".

"In an evolving market, we must continuously have the conviction to adapt our strategy in order to make our vision a reality," said the CEO.

LinkedIn saw record engagement in the March quarter as more than 930 million members globally now turn to the professional social network to connect, learn, sell and get hired.

The LinkedIn revenue increased 8 per cent in the March quarter for the tech giant. In 2016, Microsoft acquired LinkedIn for more than $26 billion.

The company was also in the process of discontinuing product and engineering teams in China and the downsizing of corporate, sales, and marketing functions.

Roslansky said that they will focus China strategy on assisting companies operating in China to hire, market and train abroad.

"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," said the CEO.

--IANS

na/ksk/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) 

Ahead of SC hearing, short film voices miseries of Muslim women in Gujarat

 

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While the Supreme Court is all set to hear a bunch of pleas challenging the remission granted to the 11 convicts in the Bilkis Bano case on May 9, Muslim women in Gujarat, through a short film, voiced that Bilkis Bano’s battle was their own battle now.

The 19-minute film titled, ‘Bilkis Bano: Justice overruled’’ has images of women protesting the release of the convicts and the Muslim women of the State expressed their distress over setting convicts free.

Also Read | Strategic timeout: on the Bilkis Bano case and an outcome

In the movie, made by Bebaak Collective (Voice of Fearless) that works on human rights issues, Seema a women’s rights activist said in such cases women’s safety and protection is the government’s responsibility. “Following the release of the convicts, the survivor will lose faith in the judicial system,” Seema said.

The film opens with a woman exclaiming, “India’s 75th Independence Day was celebrated by releasing rapists.”

In 2011, a trial court in Mumbai had convicted Jaswantbhai Nai, Govindbhai Nai, Shailesh Bhatt, Radheshyam Shah, Bipinchandra Joshi, Kesharbhai Vohania, Pradip Modhiya, Bakabhai Vohania, Rajubhai Soni, Mitesh Bhatt and Ramesh Chandana and in 2017, the Bombay High Court upheld the conviction.

However, last year on the eve of 75th Independence Day, the Centre decided to give special remission to certain categories of prisoners, who maintained “good conduct” in jail. This also led to the Gujarat government releasing the 11 convicts involved in Bilkis Bano case.  

Bilkis was gang-raped when she was five months pregnant and 14 members of her family, including her three-year-old daughter, were murdered in the aftermath of the communal riots in Gujarat in 2002. After the convicts were released, they were felicitated with garlands and sweets.  

Bilkis had released a statement saying she was reliving the trauma of the past 20 years.

Yakub Rasul, Bilkis’s husband featured in the film spoke about his struggle and said, “We were thinking of starting our life afresh but our lives are ruined again. We have to keep changing our locations, we are broken emotionally and financially. Bilkis is traumatized. Those who should be in jail are home and those who should be home are on the run.”

One of the women in the film said, “I heard that the convicts are given an election ticket, today we have 11 rapists, next we will have 50. They have become bold now, they know they can get away with anything. Sarkar bhi inki, police bhi inki, vakil inka. [The government, police and the lawyers are all theirs].”

Also Read | Bilkis Bano’s family surprised on release of 11 life term convicts in case of her gang rape and kin murder

There are other women in the documentary too, who voiced similar opinions. “Whether Hindu or Muslim, all women deserve equal respect. Today this has happened with Bilkis tomorrow it will be us. That’s why Bilkis Bano should get justice. On one hand the government says, ‘beti bachao’ and then they release rape convicts,” said another woman.  

The film also highlighted the horrors of 2002 and how the police and government turned a blind eye to women’s misery. The women in the film stated that they were asked to leave to Pakistan.