Alibaba Lays Off About 40% Of Russian Staff

Share post:

Alibaba has laid off about 40% of its AliExpress staff in Russia, according to the Nikkei report on Friday.

The redundancies were necessary because of the ongoing war in Ukraine, which has resulted in countries imposing sanctions on Russia, making it more difficult to do business and trade across borders.

Citing a source familiar with the matter, the Nikkei report noted that it had yet to determine whether there would be further layoffs after some of the laid-off employees voluntarily decided to leave while others moved.

The Nikkei report stated that AliExpress Russia’s commercial division suffered the most from the recent layoffs.

AliExpress Russia is a joint venture formed in 2019 by e-commerce giant Alibaba and Russian partners.

Since its launch, the company has faced several challenges, including supply chain problems that prevented it from profiting from the e-commerce boom during the pandemic.

Now the company faces another challenge caused by the ongoing war between Russia and Ukraine.

The sources for this piece include an article in Reuters.

Featured Tech Jobs


Related articles

Canada, U.S. sign international guidelines for safe AI development

Eighteen countries, including Canada, the U.S. and the U.K., today agreed on recommended guidelines to developers in their nations for the secure design, development, deployment, and operation of artificial intelligent systems. It’s the latest in a series of voluntary guardrails that nations are urging their public and private sectors to follow for overseeing AI in

AI development conference sparks talks of startup extinction

AI experts and investors gathered at the Axios' AI+ Summit this week to discuss the future of the...

AI is changing the world, critics and supporters agree

At Axios' first AI+ Summit in San Francisco, leaders and critics of the AI revolution agreed that AI...

Apple defends 8GB base RAM for new M3 MacBook Pro

Apple's new 14-inch M3 MacBook Pro has been met with some criticism for its base configuration of 8GB...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways