Tag: Downsize

Alibaba Cloud to Downsize Headcount by 7%, with Layoff Signaling Beginning of Its Spinoff Process

Posted on May 23, 2023 by admin

Alibaba Cloud has emerged as an early IPO candidate and can reportedly pursue a 7% employees layoff amid its ‘streamlined’ restructuring. The cloud arm of Chinese language e-commerce large Alibaba Group (NASDAQ:….

Market

Weekly Jobless Claims Climb to 198,000 as Employers Remain Reluctant to Downsize

Posted on March 30, 2023 by admin

The most recent jobless claims point out that the US labor market is tight amid rising rates of interest as functions rose by 7,000. According to the Labor Division, US weekly jobless….