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ALIBABA LAYOFFS
China’s Netflix expects AI to create bulk of shows in five yearsIQiyi Inc. is set to transform its operations, anticipating AI will generate most films and shows within five years. The company is launchi...- Alibaba to begin re-hiring as confidence grows after Xi's tech summitAlibaba chairman Joe Tsai stated that China's business entrepreneurs are showing increased confidence following a tech summit led by Presid...
- Alibaba Group lays off dozens of employees to cut costs: reportAlibaba layoffs: China's Alibaba Group has reduced the Yuanjing team, its metaverse arm, as part of a broader reset. The division was set u...
- SoftBank prepares new round of layoffs at Vision FundThe layoffs, which could be announced in the next two weeks, may impact up to 30% of its staff at the unit, including employees in US, one ...
- Alibaba says to hire this year, refuting layoff rumoursIn a post on the firm's official Weibo account, Alibaba said it will hire 15,000 people and more than 3,000 would be newly-graduated studen...
- Infosys misses FY23 guidance, issues grim forecast for current fiscal; DPIIT and Finmin discuss startups’ concernsIndia’s second-largest IT services company Infosys reported over 15% growth in revenue in constant currency terms, while its year-on-year p...
- Alibaba considers yielding control of some businesses in overhaulGroup CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually launch ...
- Alibaba to decide on control over new business units after IPOsGroup CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually list on...
- Alibaba laid off 19,000 employees in 2022 to improve cost efficiencyThe 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 re...
- SoftBank's Arm China lays off workers as outlook grimThe layoffs come as SoftBank tries to set up a public listing for Arm this year.
- Recession fears: Tech companies laying off 1,600 workers per day in 2023, and it's increasingThe year 2023 has not been good for tech workers globally as 91 companies have laid off more than 24,000 tech employees in the first 15 day...
- Legendary China bets unwind as Warren Buffett, SoftBank, Naspers sellBig-name investors who’ve made billions from Tencent Holdings, Alibaba Group Holding, and BYD Co., are taking money off the table.
- Alibaba lays off nearly 10,000 employees amid poor salesAccording to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company trimme...
- Zomato to become ‘Eternal’; 11,500 sacked at Indian startups this yearZomato is rebranding itself to Eternal, an entity that will house Zomato's food delivery business and its growing number of side hustles.
- Alibaba cuts a third of deals team staff after regulatory crackdown: reportAlibaba plans to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70, said two of the...
- Alibaba lays off 40% of AliExpress Russia staff amid Ukraine warA Nikkei report said it was not clear if there would be more layoffs, after some of the laid-off staff chose to leave voluntarily and a few...
- IT sector layoffs: Routine trimming over hyped, says Ravi Shankar PrasadMy ministry is proactively in touch with India IT CEOs to evaluate layoff situation," Ravi Shankar Prasad told ET Now in an exclusive inter...
- Softbank appoints Kabir Mishra to Snapdeal boardThe decision comes in the wake of Snapdeal hoping to hit profitability in the next two years as it undertakes a number of steps, including ...
- Snapdeal yet to settle Rs 1.2-crore dues: VendorsAn AIOVA spokesperson said some sellers will be meeting the Snapdeal team to air their grievances this week and raise the issue of clearanc...
- Paytm sniffs deal in laid-off talent from Snapdeal and Stayzilla"We are recruiting for our marketplace and the bank. So, trained and domain experts are welcome. We believe startups have great people," a ...
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