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Alibaba's South Asian e-commerce giant Daraz announces layoffs in memo

Summary by Ground News
Daraz declined to comment on the percentage or absolute number of employees impacted. Last year, Daraz told Reuters it employed 3,000 employees across its geographies. In January, the e-commerce group appointed James Dong as acting CEO, replacing outgoing CEO Bjarke Mikkelsen.

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Channel News Asia broke the news in Singapore on Tuesday, February 27, 2024.
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