(Beijing Bloomberg) Chinese e -commerce giant Alibaba has laid off nearly 10,000 in the second quarter, and its layoffs within three months have increased from the first quarter.
In the second quarter of revenue, the first decline
Alibaba's recent financial report disclosed that the company layoffs 9,241 in the second quarter.As of the end of June, the number of Alibaba employees was slightly higher than 245,000.At the same time, Alibaba's revenue in the second quarter has fallen for the first time in history. Although the decline is lower than the analysts expect, it is still regarded as marking the amazing growth of Chinese network giants in 10 years.In the first three months of this year, Alibaba also lay off 4,375 people.In the context of soaring inflation, rising price costs, and heating political tensions, Alibaba and other global technology companies joined the tide of layoffs to save costs.
Apple, Google's parent company Alphabet and Meta Meta Meta have slowed down the pace of recruitment, while Amazon has cut about 100,000 positions.Alibaba's largest shareholder Softbank Group stated that this week, it will be fully reduced, which will seriously affect the number of employees.
Alibaba was the company with the highest market value in China, but more than a year ago, the Chinese government began to comprehensively supervise and rectify the Internet industry, which led to a significant shrinkage of Alibaba's market value.The government forced Alibaba's financial subsidiary Ant Group to cancel the IPO of the world's record in 2020, and launched a reform that affects Alibaba's business model.
In the United States, Alibaba was also joined the delisting risk list because the Chinese government refused to allow U.S. officials to check the audit draft in the U.S. -listed Chinese -funded shares.Alibaba is seeking to be listed in Hong Kong, so that it can attract more mainland investors and maintain its listing position on the New York Stock Exchange.
