The company was founded in December 2002 by Reid Hoffman and the founding team members from PayPal and (Allen Blue, Eric Ly, Jean-Luc Vaillant, Lee Hower, Konstantin Guericke, Stephen Beitzel, David Eves, Ian McNish, Yan Pujante, Chris Saccheri).
History Founding from 2002 to 2011 įormer LinkedIn headquarters on Stierlin Court in Mountain View, California LinkedIn filed for an initial public offering in January 2011 and traded its first shares in May, under the NYSE symbol "LNKD". Based in the United States, the site is, as of 2013, available in 24 languages. Īccording to a 2016 The New York Times article, US high school students were creating LinkedIn profiles to include with their college applications. Since January 2011 the company had received a total of $103 million of investment. LinkedIn reached profitability in March 2006. It was funded by Sequoia Capital, Greylock, Bain Capital Ventures, Bessemer Venture Partners and the European Founders Fund. Reid Hoffman, founder of LinkedIn, is chairman of the board. Jeff Weiner, previously CEO of LinkedIn, is now the Executive Chairman. In May 2020, the company had around 20,500 employees. Company overview įounded in Mountain View, California, LinkedIn is currently headquartered in Sunnyvale, California, with 33 global offices.
#LINKEDIN DOWN NEWS OFFLINE#
LinkedIn can also be used to organize offline events, join groups, write articles, publish job postings, post photos and videos, and more. Members can invite anyone (whether an existing member or not) to become a connection.
#LINKEDIN DOWN NEWS PROFESSIONAL#
LinkedIn allows members (both workers and employers) to create profiles and connect with each other in an online social network which may represent real-world professional relationships. As of March 2023, LinkedIn has more than 900 million registered members from over 200 countries and territories. Since December 2016, it has been a wholly owned subsidiary of Microsoft. From 2015 most of the company's revenue came from selling access to information about its members to recruiters and sales professionals. The platform is primarily used for professional networking and career development, and allows jobseekers to post their CVs and employers to post jobs. "Though InCareer experienced some success in the past year thanks to our strong China-based team, it also encountered fierce competition and a challenging macroeconomic climate,” Roslansky added.LinkedIn ( / l ɪ ŋ k t ˈ ɪ n/) is a business and employment-focused social media platform that works through websites and mobile apps. InCareer will shut from August 9, but the company will keep a presence in China by helping local groups hire and train employees outside the country.
"We are also removing layers, reducing management roles and broadening responsibilities to make decisions more quickly."
"With the market and customer demand fluctuating more, and to serve emerging and growth markets more effectively, we are expanding the use of vendors," commented Ryan Roslansky, CEO of LinkedIn. LinkedIn will cut 716 jobs as demand wavers and shutter its China-focused job app called InCareer. Hapabapa/iStock Editorial via Getty Imagesīusiness and employment-focused social media platform, LinkedIn, is joining other tech companies - including its parent Microsoft ( NASDAQ: MSFT) - in laying off workers amid a weakening global economic outlook.
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