Bloomberg Television
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Alibaba's Cloud Arm Is Said to Cut 7% of Staff in Overhaul
Posted
May 24, 2023
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2:47Now PlayingChinese e-commerce giant Alibaba Group Holding Ltd.'s cloud division has begun a round of job cuts that could reduce its staff by about 7%, according to a person familiar with the matter. This is part of an overhaul aimed at preparing the unit for a spinoff and eventual initial public offering. Peter Elstrom reports on Bloomberg Television.
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