Alibaba will provide more job opportunities despite a stagnant economy
Encountering the lagging economic phenomenon since late 2018, tech companies mostly go for staff layoffs in order to reduce the heavy financial burden. Whereas Alibaba is doing the opposite. On a Thursday meeting, CEO Daniele Zhang affirmed the company’s commitment to talent investment in a bid to support consumer spending, because large scale e-commerce platform like Alibaba, boasting millions of individual stores, will express its value “to create more job opportunities especially when the economy is challenging“. The topic of “headcount” has grown sensitivity among the industry. Affected by the gloomy trade forecast, titans such as Huawei and JD were reportedly planning up to 10% redundancies, even within the executive layer.