State-sponsored media said this week that Beijing was cracking down on consultancy firms it considers hotbeds for espionage just a month after Micron was investigated for national security risks.īut if the presence of Apple, Qualcomm, Johnson & Johnson, Procter & Gamble, Abbott Laboratories, BMW, Mercedes-Benz, Shell, Rio Tinto, and Singaporean sovereign wealth fund Temasek Holdings at the > 2023 China Development Forum are any indication, plenty will likely stay as long as they can. More could be joining as local rules targeting foreign enterprises tighten, including through a revision of China's Anti-Espionage Law. Yahoo stopped providing email services last year Amazon also announced it was closing its Kindle bookstore by the end of June and Airbnb, fed up with lockdowns, closed everything last summer except an outbound travel-focused office. The platform's exit comes as other tech companies beat a retreat from China. LinkedIn's layoffs add to a growing list in the tech industry that includes IBM, Google, Meta, Microsoft, Dell, Intel, Zoom and many more.
LINKEDIN PAUSES NEW CHINA TO REVIEW PROFESSIONAL
In other cost-cutting moves, LinkedIn said its Product & Engineering teams will "take the lead for our technology roadmap" and the Business Productivity team will be "sunsetted." The company is also planning on "removing layers, reducing management roles and broadening responsibilities to make decision's more quickly." LinkedIn Pauses New Sign-Ups in China to Review Compliance: Microsoft Corp.’s professional networking site LinkedIn is pausing new member sign-ups for its service in China while it works to ensure it’. LinkedIn has instituted a company-wide pause on all new hires due to economic uncertainty stemming from the coronavirus outbreak, according to an internal memo sent by VP of Talent Solutions. European tech businesses cool on China due to coronavirus lockdowns.
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