On Monday, LinkedIn, Microsoft's social media network focused on business professionals, said it would cut 716 jobs due to volatile demand, while also planning to close its job application app, which focuses on China.。

LinkedIn, which employs a total of 20,000 people, is primarily in the business of generating profits through advertising sales, while also charging subscription fees to recruitment and sales professionals who use the network to find potential customers.。

While the company's revenue grew in each quarter last year, LinkedIn has also had to cut jobs with other technology companies, including its parent company, to cut costs amid a weak global economic outlook.。

More than 270,000 tech jobs have been cut globally in the past six months.。

LinkedIn CEO Ryan Roslansky said in a letter to employees that the cuts to sales, operations and support teams are aimed at streamlining the company's operations and will reduce the hierarchy to help the company make faster decisions.。

Roslansky wrote: "As markets and customer needs become more volatile, in order to more effectively serve emerging and growth markets, we are expanding the use of suppliers.。"。

The letter also mentioned that these changes will create 250 new jobs.。A LinkedIn spokesman said staff affected by the cuts would be eligible to reapply for the positions.。

In addition, LinkedIn also said that after deciding to withdraw from China for the most part in 2021, the company will cancel the streamlined job application it offers in China, citing the "challenging environment."。The remaining app, called InCareers, will also be phased out in the Chinese market by August 9, the company said.。

The company told website users: "Despite our initial progress, InCareer faces intense competition and a challenging macroeconomic environment, which ultimately led to our decision to discontinue service.。"。

However, a LinkedIn spokesman said LinkedIn will retain its presence in China to help companies operating in China hire and train employees abroad。