Sunday, October 1, 2023

Alibaba Plans to Hire this Year, Refuting Layoff Rumors

By ET Bureau - May 28, 2023 1 Mins Read

Alibaba Plans to Hire this Year, Refuting Layoff Rumors

According to a report by Reuters, Alibaba Group Holding Ltd announced they plan to hire 15,000 resources this year, disregarding rumors recently spreading on Chinese social media that the organization planned to reduce 20% of its workers.

The organization’s official Weibo account post, Alibaba, stated that among the 15,000, nearly 3,000 people would be fresh-graduated students. The company’s cloud division has initiated a round of downsizing which will impact 7% of the staff because it plans to streamline its business in preparation for an IPO.

Read More: Alibaba says to hire this year, refuting layoff rumours

Check Out The New Enterprisetalk Podcast. For more such updates follow us on Google News Enterprisetalk News.


ET Bureau

The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.

Subscribe To Newsletter

*By clicking on the Submit button, you are agreeing with the Privacy Policy with Enterprise Talks.*