10, 000 Employees Fired from the Popular Tech Firm Alibaba – This Will Continue in All IT Companies?? China based tech giant Alibaba lays off approximately 10, 000 employees from their organization. The main reason for this firing of employees is that the cost cutting decision of the organization management. To know more details stay tuned with us.
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By analyzing the media report it is clear that Alibaba Chinese tech firm fired approximately 10,000 employees as part of its cost-cutting measures amid sluggish sales and slowing economy in the nation. Over 9,241 employees from the total workforce of the company omitted Hangzhou-based Alibaba during the June quarter, as the company trimmed its overall headcount to around 245,700.
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As per the local media report, “That put the total decrease in employee numbers for Alibaba, owner of the South China Morning Post, to 13,616 over the six months to June, marking the firm’s first drop in payroll size since March 2016”. The chief official of the firm said that, the company will add nearly 6,000 fresh university graduates to its headcount this fiscal year. To get recent and updated news subscribe and follow our page.
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