Alibaba Reduced Headcount by a Further 20,000 in 2023
- It followed roughly the same reduction in roles in 2022
- Company is offloading assets as it works on restructuring
This article is for subscribers only.
Alibaba Group Holding Ltd. cut its staff by roughly 20,000 over the course of 2023, adding to a spate of layoffs spanning global tech companies from Silicon Valley to Hangzhou.
China’s e-commerce pioneer ended December with 219,260 employees, down from close to 240,000 a year earlier, it said in detailing its earnings for the holiday quarter on Wednesday. The company’s pace of eliminating roles has been fairly steady, as it reduced headcount by roughly the same number over the course of 2022 as well.