Alibaba’s cloud division reportedly lays off 7% of its workforce

Alibaba has joined the ever-growing list of companies announcing layoffs. The Chinese tech giant is reportedly planning to fire 7% of its workforce from its cloud division. As reported by a news agency, Alibaba is said to announce the job cuts early next week.

The report adds that the tech giant has already started informing the employees about the layoffs. The company is also giving some employees the option to join other divisions of the company. Presently, the exact number of employees being fired is not known.

The report suggests that job cuts are part of the company’s restructuring strategy for rapid growth. Along with this, the company is also planning a separate IPO for its various business groups. In March, Alibaba Group planned to split into six business groups and launch separate public listings, triggering mass layoffs, according to a Nikkei Asia report. The company is offering severance packages to the impacted employees and also plans to transfer some workers to other parts of its business verticals.

Amazon announced layoffs
Meanwhile, Amazon announced job cuts in India. Reports indicate that Amazon is undergoing a series of employee layoffs in India, affecting various departments and roles, including Amazon Web Services (AWS), human resources, and support functions. The multinational technology company, headquartered in Seattle, is reportedly reducing its workforce by at least 500 employees in India, and the process is currently underway. These layoffs are part of the additional job cuts that were announced by Amazon’s CEO, Andy Jassy, in late March, impacting approximately 9,000 employees worldwide. Notably, this marks the second round of layoffs at Amazon India in recent months. Globally, the company plans to eliminate approximately 27,000 jobs as part of its restructuring efforts.

With agency inputs

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Alibaba has joined the ever-growing list of companies announcing layoffs. The Chinese tech giant is reportedly planning to fire 7% of its workforce from its cloud division. As reported by a news agency, Alibaba is said to announce the job cuts early next week.

The report adds that the tech giant has already started informing the employees about the layoffs. The company is also giving some employees the option to join other divisions of the company. Presently, the exact number of employees being fired is not known.

The report suggests that job cuts are part of the company’s restructuring strategy for rapid growth. Along with this, the company is also planning a separate IPO for its various business groups. In March, Alibaba Group planned to split into six business groups and launch separate public listings, triggering mass layoffs, according to a Nikkei Asia report. The company is offering severance packages to the impacted employees and also plans to transfer some workers to other parts of its business verticals.

Amazon announced layoffs
Meanwhile, Amazon announced job cuts in India. Reports indicate that Amazon is undergoing a series of employee layoffs in India, affecting various departments and roles, including Amazon Web Services (AWS), human resources, and support functions. The multinational technology company, headquartered in Seattle, is reportedly reducing its workforce by at least 500 employees in India, and the process is currently underway. These layoffs are part of the additional job cuts that were announced by Amazon’s CEO, Andy Jassy, in late March, impacting approximately 9,000 employees worldwide. Notably, this marks the second round of layoffs at Amazon India in recent months. Globally, the company plans to eliminate approximately 27,000 jobs as part of its restructuring efforts.

With agency inputs

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