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

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

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Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

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