Chinese internet giant Alibaba is making significant job cuts, reportedly around 7 per cent of its workforce, as it plans separate IPOs for its various business groups. Alibaba Layoffs: Chinese Tech Giant To Make Significant Job Cuts Amid IPO Plans.
Chinese internet giant Alibaba is making significant job cuts, reportedly around 7 per cent of its workforce, as it plans separate IPOs for its various business groups.In March, Alibaba Group planned to split into six business groups and launch .
In March, Alibaba Group planned to split into six business groups and launch separate public listings, triggering mass layoff, according to a Nikkei Asia report.