Alibaba denies layoffs reports, pledges to hire 15,000 new employees this year
Image Credit: strait times
Chinese tech conglomerate Alibaba Group on Friday denied speculations of mass layoffs, saying it is committed to hire 15,000 new employees this year, the media reported. Earlier reports claimed that Alibaba Cloud is slashing 7 per cent of its staff amid a rough economic environment as it prepares for an IPO. According to South China Morning Post, Alibaba's six units are planning to make 15,000 new hires this year including 3,000 fresh graduates.