No job loss! Alibaba CEO rules out layoffs this year despite China`s economic slowdown
The company declined to comment directly on the cuts. Days earlier, the CEO of ride-hailing company Didi Chuxing said it would lay off 15 percent of its employees, though he added that it intended to add as many jobs in new roles.
Just before Chinese New Year, social media firm ByteDance advised staff they would receive lower-than-expected holiday bonuses. Reuters