spot_img

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.

spot_img

SUBSCRIBE NOW

Related articles

Google to end support for Glass Enterprise Edition AR specs

Google has announced that the Glass Enterprise Edition, its business-grade augmented reality specs, will no longer be supported. Google...

Mozilla introduces Firefox Relay

Mozilla has announced a new feature called Firefox Relay for its Firefox browser, and it aims to protect...

Zipline and Wing present drone delivery technologies

Zipline and Wing, are ramping up operations in preparation for widespread deployment in the United States beginning next...

Machine customers offer huge growth opportunity for businesses, Gartner 

According to Gartner, machine customers represent one of the decade's most significant new growth opportunities. Don Scheibenreif, distinguished VP...

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