Chinese e-commerce giant Alibaba Group Holding Ltd. has fired around 10,000 employees in three months, various media reported.These layoffs come after Alibaba reported a 50 per cent drop in net income in June. These are an effort to cut expenses amid sluggish sales and a slowing economy in the country.
Alibaba lays off nearly 10,000 employees in 3 months: Report
Chinese e-commerce giant Alibaba Group Holding Ltd. has fired around 10,000 employees in three months, various media reported.These layoffs come after Alibaba reported a 50 per cent drop in net income in June.
