LinkedIn has announced that it is axing 716 roles from its 20,000-strong workforce.

The social media platform for business professionals also revealed it was making changes to its strategy in China, including phasing out local jobs app InCareer.

The company’s chief executive Ryan Roslansky said that job cuts come after evidence of "slower revenue growth" and a shift in consumer behaviour.

The LinkedIn boss said that the platform expects the macro environment to remain challenging across the year, adding that the company plans to continue "managing expenses" as it invests further in strategic growth areas.

“As we turn 20, we are entering a new decade for LinkedIn, one that will perhaps be the most consequential we’ve experienced to date," wrote Roslansky in a message to employees. "AI is just beginning to accelerate changes in the global economy and labour market, and LinkedIn is more essential than ever to help our members and customers navigate the changes to access economic opportunity."

LinkedIn is the latest in a long line of social media platforms and tech companies to announce job cuts.

Last month Meta said it was cutting 4,000 roles as part of mass layoffs at the company impacting a total of 10,000 employees.

In March, takeaway delivery platform Just Eat also revealed plans to axe nearly 1,900 UK jobs after recording losses worth €5.7 billion.

Amazon also said it would slash a further 9,000 jobs with a primary focus on its Amazon Web Services team.

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