Chinese e-commerce giant Alibaba Group Holding let go of 9,241 employees in the three months to June, according to the company’s latest filing, reports Caixin. The Hangzhou-based firm reported it had just over 245,000 employees at the end of the most recent reporting quarter, cutting back during a period that marked its first ever contraction […]
Category: Employment & Education
Morningstar Inc. is slashing a significant portion of its workforce in Shenzhen and relocating jobs to other countries as part of a restructuring exercise in China, a retreat that reflects a growing global ambivalence over doing business in the world’s second largest economy, reports Bloomberg. Several hundred people among its 1,000-strong workforce in the southern […]
Chinese edtech company New Oriental has discovered a workaround to survive Beijing’s ban on companies profiting from teaching school curriculum subjects by combining language classes with product sales, reports the Financial Times. Teachers using English lessons to sell steaks have become a viral hit, with clips of classes offered by New Oriental teachers jumping to […]
Keen on attracting college graduates for essential jobs in rural villages, the western Chinese province of Yunnan is introducing a cash subsidy for those that move there, reports the South China Morning Post. Yunnan authorities will offer an annual subsidy of RMB 50,000 ($7,500) per person if they choose to work in rural villages and […]
Chinese video platform Bilibili started a round of job cuts in mid-May, targeting the gaming, livestreaming and commercialization business segments, reports Caixin. The company previously denied rumors of large-scale staff reductions, saying it was adjusting some businesses, resulting in personnel changes. It also did not respond to an updated request for comments. A former employee […]