Alibaba Crisis: Chinese company Alibaba has lost 10,000 employees


Photo: FILE Alibaba

Highlights

  • During the June quarter, 9,241 employees left Alibaba
  • The company reduced its total workforce to 245,700
  • जून तक 13,616 की कमी आई है, जो बाद 2016 के फिल्था अग्राजा है

Alibaba Crisis:In China, the economic crisis is deep. Real Estate কান্তান স্র্তা স্র্যা মান্তে ব্র্যান ক্র্যান ক্র্তে কাদা কাদ বাদ বে ক্র্তান ক্র্ত্র লাগা hai. تازی کابر کین کی کیکی کیں کینہیں کینہیں Alibaba کی هی. Chinese tech group Alibaba has laid off nearly 10,000 employees in an effort to cut costs amid sluggish sales and a sluggish economy.

According to the South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company reduced its total workforce to 245,700.

6 में में 13 हाजर को थमाई प्रिक स्लिप

The number of employees of South China Morning Post owner Alibaba fell by 13,616 in the six months to June, the firm’s first decline since March 2016, the report said.

अधी हो गायी कैपनी की आय

Alibaba reported a 50 percent drop in net income to 22.74 billion yuan ($3.4 billion) in the June quarter, from 45.14 billion yuan in the same period last year. Alibaba chairman and CEO Daniel Zhang Yong said that the company will add 6,000 new university graduates to its headcount this year.

Jack will leave the group?

Last month, reports surfaced that billionaire Jack was planning to leave Ant Group’s control between the pressure of government regulators. According to a report from the Wall Street Journal, this step is aimed at getting away from the fintech giant’s affiliate Alibaba Group Holding, which is under intense government scrutiny. According to a report from the Wall Street Journal, this step is aimed at getting away from the fintech giant’s affiliate Alibaba Group Holding, which is under intense government scrutiny.

government signs

Since last year, the Chinese regulatory authority has been cracking down on domestic tech giants like Alibaba and Ant Group to end their dominance in the Internet sector. According to the report, Ma can leave his control by transferring some of his voting power to other officials, including chief executive Eric Jing.

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