Alibaba's Cloud Arm Is Said to Cut 7% of Staff in Overhaul

Chinese e-commerce giant Alibaba Group Holding Ltd.'s cloud division has begun a round of job cuts that could reduce its staff by about 7%, according to a person familiar with the matter. This is part of an overhaul aimed at preparing the unit for a spinoff and eventual initial public offering. Peter Elstrom reports on Bloomberg Television.

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[ArabicReja]

Betting on China 🇨🇳 is a bad bet anyhow.
Basically, Chinese economy is very sick. There's no cure.

[yusufedit]

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[arren]

jwR24x is less that $1 just like the 2012 bitcoin days... time to

[beratucar]

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[SAMEDO_]

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[ayxanzulfuqarov]

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[efetasan]

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[BERKAYGG]

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[serifenur]

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[emirkk]

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[eminasafsarac]

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[AdisG]

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[berkay]

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[dilekkaya]

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[yusufatalay]

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