阿里巴巴CEO张勇：阿里不会裁员 将继续开放招聘 – NetEase
What happened: Alibaba Group CEO Daniel Zhang affirmed the company’s commitment to talent investment in a bid to support consumer spending on a Thursday meeting with management, pledging support for recruitment, training programs and platform resources. “The biggest value of having a platform-based economy like Alibaba is to create more job opportunities especially when the economy is challenging,” said Zhang.
Why it’s important: Alibaba’s resolution comes at a time when headcount is tightening across China’s tech sector against a backdrop of a broader economic slowdown. Ride-hailing giant Didi will lay off 15% of its employees this year while JD announced plans earlier in the week to cut the bottom-performing 10% of executives at vice president-level or higher in 2019. Layoff rumors meanwhile have circulated about other top tech firms including Huawei, Meituan, knowledge-sharing platform Zhihu, and game-streaming site Douyu.