Alibaba mimics Amazon by slashing jobs after poor results (webmaster@theregister.co.uk (Brandon Vigliarolo)/The Register)

webmaster@theregister.co.uk (Brandon Vigliarolo) / The Register
Alibaba mimics Amazon by slashing jobs after poor results – Covid lockdowns, Chinese regulations and SEC threats make Alibabas job numbers worrying Alibabas woes continue, with the Chinese tech giants latest financial reports indicating it cut nearly 10,000 jobs, or around 3.8 percent of its workforce, in the second quarter of 2022. …

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