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Alibaba Reduced Headcount by a Further 20,000 in 2023
An anonymous reader shares a report: Alibaba Group cut its staff by roughly 20,000 over the course of 2023, adding to a spate of layoffs spanning global tech companies from Silicon Valley to Hangzhou. China's e-commerce pioneer ended December with 219,260 employees, down from close to 240,000 a year...
An anonymous reader shares a report: Alibaba Group cut its staff by roughly 20,000 over the course of 2023, adding to a spate of layoffs spanning global tech companies from Silicon Valley to Hangzhou. China's e-commerce pioneer ended December with 219,260 employees, down from close to 240,000 a year earlier, it said in detailing its earnings for the holiday quarter on Wednesday. Mirroring US peers like Meta Platforms, Alibaba paired the reduction in staff with a significant buyback, extending its authorization for repurchases by another $25 billion on Wednesday.
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