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News LinkedIn Cutting 716 Employees By Kurt Mackie05/10/2023 The LinkedIn careers site, owned by Microsoft, is laying  off 716 employees, per a Monday announcement. LinkedIn CEO Ryan Roslansky described the layoffs as a hard decision to address a rapidly changing business landscape. As part of the job cuts, the company is ending its Global Business Organization. The existing Product and Engineering teams at LinkedIn will be the company's replacement for that organization. LinkedIn also is curtailing its business approach in China by eliminating its InCareer jobs app "by August 9, 2023." Going forward, LinkedIn's work in China will instead focus on "assisting companies operating in China to hire, market, and train abroad." Despite the overall layoffs, LinkedIn still plans to hire "more than 250 new roles for specific segments of our operations, new business and account management teams starting on May 15." This approach was described as "aligning our teams for growth." The macroeconomic environment for LinkedIn's fiscal-year 2024 is expected to "remain challenging," Roslansky indicated, and so the company will "continue to manage our expenses as we invest in strategic growth areas." Back in February, LinkedIn cut an undisclosed number of its talent acquisition team. That cut, as well

"To invest in opportunities for profitable growth and capture share amidst the current cycle, we are ensuring we have the right roles for the work required," the CEO said in a message published

LinkedIn is the latest notable tech company to announce a round of mass layoffs. It's letting 716 people go and shutting down its job search app in China. LinkedIn CEO Ryan Roslansky said in a memo to employees that the cuts were part of a shift in strategy that was driven by changes in customer behavior and slower revenue growth. That's despite the platform seeing record levels of engagement and "making meaningful progress creating economic opportunities for our members and customers." In 2021, LinkedIn shut down the seven-year-old Chinese version of its service, citing the difficulties of operating in the country. It rolled out a job board app for Chinese users called InCareer that did not have any social networking features. Now, Roslansky says the company will phase out that app by August 9th. While InCareer found some success, Roslansky wrote, "it also encountered fierce competition and a challenging macroeconomic climate." LinkedIn is shifting its strategy in China toward helping companies based there recruit and train workers from other countries. It will cut its product and engineering teams in China and reduce the headcount of its local corporate, sales and marketing divisions. As The New York Times notes, LinkedIn did

LinkedIn announced it would be cutting staff as layoffs in the tech sector pile up. On Monday, the professional networking company said it was making changes to its global business organization and its China strategy, which would "result in a reduction of roles for 716 employees." LinkedIn, which was acquired by Microsoft in 2016 for $26 billion, is headquartered in Sunnyvale and retains an office in San Francisco's SoMa neighborhood. The company has around 20,000 full-time employees, according to its website. The announcement makes LinkedIn the latest tech employer to cut back staff as the tech sector adjusts to higher interest rates.In February, LinkedIn revealed plans to cut 91 jobs with a focus on recruitment roles—a likely sign of staffing pullbacks to come. Bay Area tech firms that have laid off staff this year include Salesforce, Amazon, eBay, Twilio and Twitter. Many of those firms acknowledged aggressive hiring during the pandemic that later necessitated layoffs as economic conditions changed. In the San Francisco area, data shows that new job creation in tech is no longer outpacing layoffs —a dynamic that kept the overall SF labor picture rosy last year despite numerous layoff announcements.Annie Gaus can be reached at

OpenAI CEO Sam Altman speaks in February at Microsoft. Photo: Jason Redmond / AFP via Getty ImagesOpenAI CEO Sam Altman said Friday that last week's White House AI summit discussed laws mandating AIs reveal themselves, and added that his firm is working on new ChatGPT models that respect copyright, Ryan and Axios Atlanta's Thomas Wheatley report.Driving the news: Altman spoke Friday to students at Clark Atlanta University, one of Georgia's leading HBCUs, for the kick-off event of a "Future of Artificial Intelligence" world tour.Of note: Altman said that one of the most important conversations in Thursday's AI CEO mini-summit at the White House was around "laws so that people know if they're talking to an AI," which he supports.On copyright, Altman positioned himself on the side of copyright systems that ensure creators are paid for the value they create: "We're trying to work on new models where if an AI system is using your content, or if it's using your style, you get paid for that," he said.Reality check: Today's generative AI systems are trained on vast troves of internet data that contain significant quantities of copyrighted material. Given the size of the large language models used by OpenAI and

Illustration: Eniola Odetunde/AxiosQualcomm on Monday said it has agreed to buy Autotalks, an Israeli maker of "vehicle-to-everything" communications chips, with a focus on preventing crashes.Why it matters: This reflects how big chipmakers continue to view vehicles as a key growth area, given increased automation and complexity. For Qualcomm, that's reflected in a 33% revenue increase for its auto segment between fiscal 2021 and fiscal 2022, and a September announcement that its auto "pipeline" had ballooned to $30 billion.ROI: No financial terms were disclosed, but TechCrunch reports a sale price of between $350 million and $400 million. Autotalks had raised around $110 million in VC funding from firms like Samsung, Toyota, Magenta Venture Partners, Vintage Investment Partners, Gemini Israel Ventures, Global Investment Group and Liberty Ventures. More, per TechCrunch: "Autotalks' tech is used in sensors that help vehicles (which can be bikes, cars or another form of mobility) and their drivers detect road hazards such as oncoming vehicles in a driver's blind spots; it also communicates with other vehicles using compatible tech to improve responsiveness."Go deeper

U.S. President Joe Biden speaks during a meeting with his Investing in America Cabinet at the Roosevelt Room of the White House on May 5, 2023 in Washington, DC. (Photo by Alex Wong/Getty Images)Former President Trump leads President Biden by 7 points — 49% to 42% — in a general-election matchup in a Washington Post-ABC News poll out today.44% of U.S. adults polled said they'd definitely or probably vote for Trump vs. 38% for Biden. 12% were undecided.Biden's approval hit a new low — 36%, down from 42% in February.Why it matters: Biden's re-election campaign is already trying "to shift voters' focus away from their reservations about him and instead make the 2024 general election a choice rather than a referendum," The Post notes.On mental acuity, 94%of Republicans, 69% of independents and even 21% of Democrats said Biden lacks the sharpness to be president."Just 32% overall think Biden has the mental sharpness it takes to serve effectively as president, down steeply from 51% when he was running for president three years ago," ABC's Gary Langer notes.54% think Trump has the needed mental sharpness.On physical health needed to govern, just 33% think Biden, age 80, has it — vs. 64% for

Mark Cuban always tries to push himself out of his comfort zone, so it's no surprise that he does the same for others.Cynt Marshall, CEO of the Dallas Mavericks, experienced it firsthand when Cuban cold-called her with a job offer in 2018, she recently told LinkedIn's The Path newsletter. Marshall, 63, had left her job as chief diversity officer and senior vice president of human resources at AT&T, and was running her own consulting firm at the time.She had ample leadership experience, and was an expert in workplace positivity and inclusivity, which the Mavericks needed at the time — following allegations of harassment and a toxic workplace culture, as reported by Sports Illustrated earlier that year.But there were two problems. First, Marshall didn't know who Cuban even was. Second, she said: "I was well aware of the fact that I did not know the business of basketball."In response, Cuban gave Marshall some simple yet effective advice, she recounted: "He said, 'You don't worry about that. I will teach you the business side of basketball, and others will do the same.'"This reassurance, and some extra convincing, prompted Marshall to accept the job, becoming the first female CEO in the NBA and

The former Venice home of South Park co-creator Matt Stone is hitting the market for $6.5 million. Located in a residential neighborhood of Venice known as the Silver Triangle, the contemporary-modern house sits on a nearly 7,500-square-foot corner double lot, with just over 3,000 square feet of interior space. “It’s in this very coveted area of Venice that’s very quiet and serene. There’s not much traffic whether car or foot,” says The Agency’s Billy Rose, who holds the listing. He adds, “What makes this property unique is that it’s like the tip of a peninsula, surrounded essentially by three streets. There’s just one neighbor to the rear; it only shares one property line. So it gets tremendous light and it’s extremely private.” The current owner remodeled the interior of the house after buying it from Stone, giving it more of a Danish Modern-inspired contemporary feel. Design details include polished and stained concrete floors; wooden posts and beams; doors and windows in European mahogany imported from 135-year-old Germany company Tischler und Sohn; and handmade, custom kitchen tiles by San Francisco potter Mary Mar Keenan. Downstairs, there’s a chef’s kitchen, dining area and two living areas, which all look out on the

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