Deep Cuts Planned at China’s JD.com – The Information

What happened: JD.com is working on a new round of layoffs that could affect up to 8% of its 150,000 employees, or more than 12,000 positions across various business units, The Information reported citing investors in the Nasdaq-listed company. However, the company denied the report to TechNode on Wednesday.

“We don’t know the source of that figure, but it’s inaccurate. There have been some adjustments as a normal part of our business. In fact, JD.com plans to make 15,000 new hires, and hire 1,300 new college graduates,” JD.com spokeswoman told TechNode.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.