Recent LinkedIn data show the most sought-after skills as the labor market is slowly trying to regain its foothold after the sharp decline caused by Covid-19.
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Microsoft announced Thursday that it will shut down its local version of LinkedIn in China. LinkedIn was the last major social network operated by the United States and is still operating in China.
LinkedIn was launched in China in 2014 and has limited functionality designed to comply with China’s stricter Internet laws. Microsoft said it will shut down LinkedIn because “the operating environment in China has become significantly more stringent and compliance requirements have increased.” Instead, Microsoft will launch a job search site in China that doesn’t have LinkedIn’s social capabilities.
The news was released after China’s Internet regulators instructed LinkedIn in March to improve content moderation, with a 30-day deadline, according to people familiar with the matter, the Wall Street Journal reported.
Last month, the platform also blocked some US journalists by quoting “banned content” in their profile.
The new platform, called InJobs, does not include social feeds or allows users to share posts or articles.
According to Statista data, China is the company’s third largest market. In July, Microsoft CEO Satya Nadella said LinkedIn contributed about $ 10 billion in annual revenue.
Microsoft acquired LinkedIn for $ 26.2 billion in 2016.
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Microsoft closes LinkedIn in China
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