• Alibaba
• Business units
• Chinese internet giant
• Cloud division
• IPOs
• Restructuring
• Severance packages
• Workforce reduction

Alibaba Announces Major Workforce Reductions as IPO Strategies Unfold

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  IMP20233 / 2 years
• 0
• 1 min read

Alibaba, the Chinese internet giant, is set to reduce its workforce by approximately 7% as it prepares for separate IPOs across its diverse business groups. As part of its restructuring, affected employees in the Cloud division are being informed about impending layoffs. The company plans to offer severance packages to impacted staff and relocate some […]