Alibaba Reduced Workforce by 19,000 in Covid-Challenged 2022
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Alibaba Group Holding Ltd. reduced its workforce by about 19,000 employees last year as it adapted to a global economic chill and shifted focus to cost efficiency.
The Hangzhou-based online retailer let go of more than 4,000 workers in the final quarter of the year, according to data in its earnings report Thursday. The largest reductions this year came in the summer when it reported its first ever contraction in revenue.