Sad to hear that but that's fa

2
Comment
Favorite

NsaidN
2022-08-08

Sad to hear that but that's fact of life.

Alibaba Cuts Over 9,000 Jobs In June Quarter To Improve Efficiency And Profit Margin: Report

ZINGER KEY POINTSAlibaba laid off 9,241 employees in the June quarterThe retrenchment comes amid reg

Alibaba Cuts Over 9,000 Jobs In June Quarter To Improve Efficiency And Profit Margin: Report

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9905538366,"tweetId":"9905538366","gmtCreate":1659916284957,"gmtModify":1703475840115,"author":{"id":4100083861976500,"idStr":"4100083861976500","authorId":4100083861976500,"authorIdStr":"4100083861976500","name":"NsaidN","avatar":"https://community-static.tradeup.com/news/d15f07d9e6c9731db5c4289b5dc90f27","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.20","exceedPercentage":"93.41%","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":4,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Sad to hear that but that's fact of life.</p></body></html>","htmlText":"<html><head></head><body><p>Sad to hear that but that's fact of life.</p></body></html>","text":"Sad to hear that but that's fact of life.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9905538366","repostId":1165097480,"repostType":4,"repost":{"id":"1165097480","kind":"news","pubTimestamp":1659844710,"share":"https://www.laohu8.com/m/news/1165097480?lang=&edition=full","pubTime":"2022-08-07 11:58","market":"hk","language":"en","title":"Alibaba Cuts Over 9,000 Jobs In June Quarter To Improve Efficiency And Profit Margin: Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1165097480","media":"Benzinga","summary":"ZINGER KEY POINTSAlibaba laid off 9,241 employees in the June quarterThe retrenchment comes amid reg","content":"<div>\n<p>ZINGER KEY POINTSAlibaba laid off 9,241 employees in the June quarterThe retrenchment comes amid regulatory crackdowns and domestic economic challengesAlibaba Group Holding Limited reported this week ...</p>\n\n<a href=\"https://www.benzinga.com/markets/asia/22/08/28386431/alibaba-has-cuts-jobs-in-droves-in-june-quarter-to-improve-efficiency-and-profit-margin-report\">Web Link</a>\n\n</div>\n","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Cuts Over 9,000 Jobs In June Quarter To Improve Efficiency And Profit Margin: Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Cuts Over 9,000 Jobs In June Quarter To Improve Efficiency And Profit Margin: Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-07 11:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/asia/22/08/28386431/alibaba-has-cuts-jobs-in-droves-in-june-quarter-to-improve-efficiency-and-profit-margin-report><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSAlibaba laid off 9,241 employees in the June quarterThe retrenchment comes amid regulatory crackdowns and domestic economic challengesAlibaba Group Holding Limited reported this week ...</p>\n\n<a href=\"https://www.benzinga.com/markets/asia/22/08/28386431/alibaba-has-cuts-jobs-in-droves-in-june-quarter-to-improve-efficiency-and-profit-margin-report\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.benzinga.com/markets/asia/22/08/28386431/alibaba-has-cuts-jobs-in-droves-in-june-quarter-to-improve-efficiency-and-profit-margin-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165097480","content_text":"ZINGER KEY POINTSAlibaba laid off 9,241 employees in the June quarterThe retrenchment comes amid regulatory crackdowns and domestic economic challengesAlibaba Group Holding Limited reported this week forecast-beating fiscal-year first-quarter earnings even as revenue growth stagnated.The Jack Ma-led company cut jobs at a frenetic pace in the June quarter to keep a tight rein on costs amid an inclement economic environment, the South China Morning Post reported Friday.The Hangzhou-based company let go of 9,241 employees, representing 3.6% of its workforce, which totaled 254,941 at the end of the March quarter, the report said. In the year-to-date period, the company shed 13,616 jobs, marking the first drop in payrolls since March 2016, it added.The right-sizing comes amid the Chinese e-commerce giant’s efforts to reduce expenses and improve efficiency.Job cuts and exiting of non-core activities will likely sharpen the company’s focus on its core businesses and prop up profit margins, Cheng Yu, a researcher at the Beijing Kandong Research Institute said, according to SCMP.Alibaba began cutting jobs in May through several rounds of eliminations at its Taobao Marketplace consumer-to-consumer online shopping platform, DingTalk enterprise messaging platform and AliCloud business, the Economics Weekly reported.Alibaba has been on the radar of Chinese regulators since late 2020 and had to experience several punitive actions, including the imposition of a hefty fine. The COVID pandemic and the economic slowdown that followed aggravated the situation further.U.S.-listed Alibaba ADR closed Friday’s session down 5% at $92.56.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":2544,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":33,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}