124 place 3

691 Lazada layoffs: does Alibaba have a bigger plan for e-commerce?

Tech Wire Asia
Aaron Raj @ Tech Wire Asia 1 place · 01/07/2024 20:00 EDT

Lazada layoffs: does Alibaba have a bigger plan for e-commerce?

According to reports, around 30% of Lazada employees will be axed in layoffs. Lazada is a subsidiary of the Alibaba Group. Alibaba Group also invested an additional US$634 million in Lazada to intensify its battle with its competitors in the region in December 2023. The e-commerce industry continues to experience record-breaking profits globally. While the... Read more »

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