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Published 2 years ago

Alibaba cuts more than 9,000 jobs in three months

Summary by Ground News
The Hangzhou-based firm reported it had just over 245,000 employees at the end of the most recent reporting quarter. Alibaba also reduced its workforce in the first three months of the year by 4,375. The company is seeking a primary listing in Hong Kong, while also maintaining its listing status on the New York Stock Exchange.

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