Alibaba to hire 15,000 employees, dismisses rumours of job cuts


25th May 2023 – (Beijing) Alibaba Group Holding Ltd has announced plans to hire 15,000 new employees this year, in contrast to recent rumours circulating on Chinese social media that the company was planning to cut up to 20% of its workforce.

The e-commerce giant has been the subject of intense speculation in recent days, with rumours suggesting that it was planning a major restructuring that would result in significant job losses. However, the company has moved quickly to quash these rumours, making it clear that it has no plans to cut jobs and is instead focusing on expanding its workforce.