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Alibaba’s cloud division to reduce workforce by 7%, says Bloomberg.
Alibaba Cloud Unit Begins Job Cuts Ahead of IPO
Alibaba Group Holding Ltd’s cloud unit is reportedly offering severance packages or transfers to other units as it prepares for an IPO. The job cuts could reduce staff by around 7%, according to a source familiar with the matter. Alibaba has not yet commented on the report.
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Read More From Original Article Here: Alibaba’s cloud unit to cut 7% of staff – Bloomberg News
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