Layoffs: Alibaba Will Cut 7% of Staff from Cloud Computing Unit

Written by Bruno Teles

Published on 23/05/2023 at 13:34

foto: Alibaba

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The Alibaba Cloud Computing Unit Is Going Through a Round of Layoffs in an Attempt to Cut Costs Before Its Initial Public Offering.

According to a source close to the matter, Alibaba’s cloud computing unit will lay off 7% of its staff. This decision includes a voluntary resignation plan for many of its employees.

Alibaba is a Chinese giant that has announced plans for listing and fundraising for some of its business units, including Cainiao, its logistics unit. As part of these plans, China’s largest cloud computing service is expected to be listed on the stock exchange next year. Unfortunately, this initial public offering may negatively impact many of the company’s employees.

According to reports, this round of layoffs started due to the Alibaba cloud computing unit’s need to cut costs. In the last quarter, Alibaba’s cloud computing division reported a 2% decline year-over-year, with revenue of 18.6 billion yuan (US$ 2.69 billion, R$ 13.3 billion).

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But How Will the Layoff Affect Employees?

Although the mass layoff of Alibaba’s cloud computing unit may be beneficial for the company, and is likely necessary, it will have a devastating effect on the employees who will be let go. The layoffs will not only affect employees’ professional status but also their financial and emotional stability.

The Role of Alibaba

Unfortunately, Alibaba has not disclosed the details of its voluntary resignation plan, but the company needs to ensure that these employees have all the necessary support to find new jobs and explore new opportunities. Alibaba’s management needs to help prepare employees for recruitment processes and, if possible, provide financial assistance to those who have been laid off.

Layoffs: Alibaba Will Cut 7% of Staff from Cloud Computing Unit

The Alibaba Cloud Computing Unit Is Going Through a Round of Layoffs in an Attempt to Cut Costs Before Its Initial Public Offering.

But How Will the Layoff Affect Employees?

The Role of Alibaba

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Layoffs: Alibaba Will Cut 7% of Staff from Cloud Computing Unit

The Alibaba Cloud Computing Unit Is Going Through a Round of Layoffs in an Attempt to Cut Costs Before Its Initial Public Offering.

But How Will the Layoff Affect Employees?

The Role of Alibaba

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Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

Chinese engineers begin filling a 217-meter dam at an altitude of 3,000 meters and prepare a 2,240 MW hydroelectric power plant to integrate hydropower, solar, and wind energy in the upper Jinsha.

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