AIRLINK 73.42 Increased By ▲ 0.62 (0.85%)
BOP 4.99 Decreased By ▼ -0.07 (-1.38%)
CNERGY 4.36 Increased By ▲ 0.03 (0.69%)
DFML 29.79 Decreased By ▼ -0.73 (-2.39%)
DGKC 90.25 Increased By ▲ 4.30 (5%)
FCCL 22.90 Increased By ▲ 0.55 (2.46%)
FFBL 33.70 Increased By ▲ 0.48 (1.44%)
FFL 9.86 Increased By ▲ 0.08 (0.82%)
GGL 10.44 Increased By ▲ 0.04 (0.38%)
HBL 113.49 Decreased By ▼ -0.13 (-0.11%)
HUBC 137.30 Increased By ▲ 1.10 (0.81%)
HUMNL 9.64 Decreased By ▼ -0.39 (-3.89%)
KEL 4.72 Increased By ▲ 0.06 (1.29%)
KOSM 4.81 Increased By ▲ 0.41 (9.32%)
MLCF 39.62 Increased By ▲ 1.27 (3.31%)
OGDC 135.25 Increased By ▲ 1.85 (1.39%)
PAEL 28.57 Increased By ▲ 1.17 (4.27%)
PIAA 24.80 Increased By ▲ 0.04 (0.16%)
PIBTL 6.97 Increased By ▲ 0.42 (6.41%)
PPL 123.20 Increased By ▲ 1.99 (1.64%)
PRL 27.17 Increased By ▲ 0.02 (0.07%)
PTC 14.60 Increased By ▲ 0.71 (5.11%)
SEARL 59.57 Decreased By ▼ -0.83 (-1.37%)
SNGP 69.24 Increased By ▲ 0.71 (1.04%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 9.00 Decreased By ▼ -0.05 (-0.55%)
TPLP 11.59 Increased By ▲ 0.33 (2.93%)
TRG 67.16 Increased By ▲ 1.46 (2.22%)
UNITY 25.25 No Change ▼ 0.00 (0%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,708 Increased By 74.3 (0.97%)
BR30 25,555 Increased By 383.1 (1.52%)
KSE100 73,266 Increased By 608 (0.84%)
KSE30 23,546 Increased By 163.2 (0.7%)
Business & Finance

Alibaba says no layoffs in 2019

HANGZHOU: Chinese e-commerce giant Alibaba has pledged no layoffs this year, defying a wave of layoffs in the intern
Published February 22, 2019

HANGZHOU: Chinese e-commerce giant Alibaba has pledged no layoffs this year, defying a wave of layoffs in the internet sector amid an economic slowdown.

Alibaba will continue to recruit new staff, ramp up training programs and utilize more platform resources to help create more jobs, Alibaba's CEO Daniel Zhang told an internal meeting Thursday.

Talks about Chinese internet companies laying off workers were spreading on social media platforms recently, followed by a number of internet firms in the country announcing plans to cut payrolls.

"This year we will not lay off employees, but will greatly utilize the Alibaba platform to stimulate consumption and generate more orders for the manufacturing and services sectors instead," Alibaba quoted Zhang's remarks at the meeting, in a statement Friday.

One of the biggest values of online platforms is to create jobs, Zhang stressed.

Alibaba said a number of new occupations, like trainers for AI customer service staff, engineers for its cloud computing business and shopping guides for its new retail business, have emerged on the platform.

By the end of 2018, the total staff number of Alibaba Group and its financial services affiliate Ant Financial exceeded 100,000 for the first time.

Copyright APP (Associated Press of Pakistan), 2019

Comments

Comments are closed.