Alibaba trims personnel count

14
Comment
Favorite

StickyRice
2022-08-07

Alibaba trims personnel count by ~10K employees in June quarter amid sales slowdown

Amid reporting flat growth in FQ1 net sales, weaker consumer spending and China economic headwinds, Alibaba (NYSE:BABA)$Alibaba(BABA)$ slashed ~10K employees for the quarter ended June 30.

The company's total personnel stood at 245.7K down (after 9,241 employees left) from 254,941 at the end of March and 254,702 as of June 30 last year, as reported by South China Morning Post.

This makes the total decrease in employee numbers for Alibaba to 13,616 over the six months to June marking the firm’s first drop in payroll size since March 2016.

This step ramps up the company efforts to cut expenses and drive up efficiency amid continued regulatory pressure.

The company chairman & CEO Daniel Zhang Yong indicated that in order to balance cost optimization and control, the company will add ~6K fresh university graduates to its headcount this year.

# Will Alibaba Become a Meme Stock?

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

CKF68
·2022-08-07
Salary of fresh graduates is much lower. They will save up on the exenses while bringing back the add workforces.
Reply
Like
Report
keaty
·2022-08-07
baba just not my taste
Reply
Like
Report
Mushroom88
·2022-08-08
K
Reply
Like
Report
JJQ
·2022-08-07
K
Reply
Like
Report
Ugly face
·2022-08-07
ok
Reply
Like
Report
Rocketupup
·2022-08-07
Alright
Reply
Like
Report
ianlefty
·2022-08-07
ok
Reply
Like
Report
逢場作戲又一日
·2022-08-07
Great
Reply
Like
Report
Yongqi
·2022-08-07
K
Reply
Like
Report
erickhoosg
·2022-08-07
ok
Reply
Like
Report
Sagi08
·2022-08-07
Ok
Reply
Like
Report
Cyn198
·2022-08-07
Ok
Reply
Like
Report
tingzzz
·2022-08-07
ok
Reply
1
Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9905878855,"tweetId":"9905878855","gmtCreate":1659859644280,"gmtModify":1703767179702,"author":{"id":3586127272341946,"authorId":3586127272341946,"authorIdStr":"3586127272341946","name":"StickyRice","avatar":"https://community-static.tradeup.com/news/93860c945685006c561393099fa7ee30","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":3,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.03.04","individualDisplayEnabled":0},"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[{"themeId":"566760a6e6cd4d10b67600f3e0e1ac25","categoryId":"7a15628ce2174325bddc6229505e0d70","name":"Will Alibaba Become a Meme Stock?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":566760a6e6cd4d10b67600f3e0e1ac25}&rnconfig={\"headerBarHidden\": true}","description":"[Key Points]\nAlibaba rose 49% since last November.\nThe news on Ant Group - an affiliate of Alibaba- boosted Alibaba shares as Ant was approved to increase 10.5 billion capital.\nCohen - the well-known meme stock leader - bought Alibaba and put forward cutsomized suggestion for Alibaba.\n\n[Topic]\nWhat's your target price for BABA's rally? \nDo you think Alibaba get out of the woods?\nWill Alibaba repeat GME and BBBY's feats?","image":"https://community-static.tradeup.com/news/a25ea362fadd8ebca7d6d743f1d484fa"}],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Alibaba trims personnel count by ~10K employees in June quarter amid sales slowdownAmid reporting flat growth in FQ1 net sales, weaker consumer spending and China economic headwinds, Alibaba (NYSE:BABA)<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a><v-v data-views=\"0\"></v-v> slashed ~10K employees for the quarter ended June 30.The company's total personnel stood at 245.7K down (after 9,241 employees left) from 254,941 at the end of March and 254,702 as of June 30 last year, as reported by South China Morning Post.This makes the total decrease in employee numbers for Alibaba to 13,616 over the six months to June marking the firm’s first drop in payroll size since March 2016.This step ramps up the company efforts to cut expenses and drive up efficiency amid continued regulatory pressure.The company chairman &amp; CEO Daniel Zhang Yong indicated that in order to balance cost optimization and control, the company will add ~6K fresh university graduates to its headcount this year.</body></html>","htmlText":"<html><head></head><body>Alibaba trims personnel count by ~10K employees in June quarter amid sales slowdownAmid reporting flat growth in FQ1 net sales, weaker consumer spending and China economic headwinds, Alibaba (NYSE:BABA)<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a><v-v data-views=\"0\"></v-v> slashed ~10K employees for the quarter ended June 30.The company's total personnel stood at 245.7K down (after 9,241 employees left) from 254,941 at the end of March and 254,702 as of June 30 last year, as reported by South China Morning Post.This makes the total decrease in employee numbers for Alibaba to 13,616 over the six months to June marking the firm’s first drop in payroll size since March 2016.This step ramps up the company efforts to cut expenses and drive up efficiency amid continued regulatory pressure.The company chairman &amp; CEO Daniel Zhang Yong indicated that in order to balance cost optimization and control, the company will add ~6K fresh university graduates to its headcount this year.</body></html>","text":"Alibaba trims personnel count by ~10K employees in June quarter amid sales slowdown Amid reporting flat growth in FQ1 net sales, weaker consumer spending and China economic headwinds, Alibaba (NYSE:BABA)$Alibaba(BABA)$ slashed ~10K employees for the quarter ended June 30. The company's total personnel stood at 245.7K down (after 9,241 employees left) from 254,941 at the end of March and 254,702 as of June 30 last year, as reported by South China Morning Post. This makes the total decrease in employee numbers for Alibaba to 13,616 over the six months to June marking the firm’s first drop in payroll size since March 2016. This step ramps up the company efforts to cut expenses and drive up efficiency amid continued regulatory pressure. The company chairman & CEO Daniel Zhang Yong indicated that in order to balance cost optimization and control, the company will add ~6K fresh university graduates to its headcount this year.","highlighted":2,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9905878855","repostId":0,"isVote":1,"tweetType":1,"viewCount":568,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["BABA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":783,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":103288327,"gmtCreate":1659863139349,"gmtModify":1659863143606,"authorId":4088757684331200,"author":{"id":4088757684331200,"authorId":4088757684331200,"name":"CKF68","avatar":"https://static.tigerbbs.com/0fd6cab827059eec333bac6fa0dfde42","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.29","exceedPercentage":"80.85%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"Salary of fresh graduates is much lower. They will save up on the exenses while bringing back the add workforces. ","text":"Salary of fresh graduates is much lower. They will save up on the exenses while bringing back the add workforces. ","html":"Salary of fresh graduates is much lower. They will save up on the exenses while bringing back the add workforces. ","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103288288,"gmtCreate":1659863015262,"gmtModify":1663255744944,"authorId":3578631759891221,"author":{"id":3578631759891221,"authorId":3578631759891221,"name":"keaty","avatar":"https://static.tigerbbs.com/bcf9d00e41b755619a4b4c3eb6f05541","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"baba just not my taste","text":"baba just not my taste","html":"baba just not my taste","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103291803,"gmtCreate":1659908740251,"gmtModify":1663255761034,"authorId":4112443956308662,"author":{"id":4112443956308662,"authorId":4112443956308662,"name":"Mushroom88","avatar":"https://community-static.tradeup.com/news/31566ed370b023e9d2746fb8dd108d52","vip":1,"currentWearingBadge":{"badgeId":"cbe1c45c584340f3bd9ae6c77e0e9981-1","templateUuid":"cbe1c45c584340f3bd9ae6c77e0e9981","name":"Academy Experiencer","description":"5 lessons learned","bigImgUrl":"https://community-static.tradeup.com/news/fb5ae275631fb96a92d475cdc85d2302","smallImgUrl":"https://community-static.tradeup.com/news/c2660a1935bd2105e97c9915619936c3","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.11.20","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2006},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103288257,"gmtCreate":1659862905639,"gmtModify":1663255745027,"authorId":3571627110799155,"author":{"id":3571627110799155,"authorId":3571627110799155,"name":"JJQ","avatar":"https://static.tigerbbs.com/a1583dfc728890d33cf4ad0811d5ce30","vip":1,"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":"2021.12.28","exceedPercentage":"93.44%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103288239,"gmtCreate":1659862868769,"gmtModify":1663255744930,"authorId":4100573478103910,"author":{"id":4100573478103910,"authorId":4100573478103910,"name":"Ugly face","avatar":"https://static.tigerbbs.com/aa728306371820e3131adcc0b6f0f25f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103288250,"gmtCreate":1659862885518,"gmtModify":1663255744928,"authorId":3555199737903833,"author":{"id":3555199737903833,"authorId":3555199737903833,"name":"Rocketupup","avatar":"https://static.tigerbbs.com/feac8c57fda8c223f1c0a55775d10484","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.17","exceedPercentage":"80.72%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"Alright","text":"Alright","html":"Alright","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103288258,"gmtCreate":1659862915068,"gmtModify":1663255744833,"authorId":4114322188349602,"author":{"id":4114322188349602,"authorId":4114322188349602,"name":"ianlefty","avatar":"https://community-static.tradeup.com/news/4f8d74315b2f3f3e22a06d92b3515583","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.05.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103288265,"gmtCreate":1659862942450,"gmtModify":1663255744737,"authorId":3555043402922696,"author":{"id":3555043402922696,"authorId":3555043402922696,"name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"Great","text":"Great","html":"Great","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103288230,"gmtCreate":1659862857158,"gmtModify":1663255744125,"authorId":3584768136673058,"author":{"id":3584768136673058,"authorId":3584768136673058,"name":"Yongqi","avatar":"https://static.tigerbbs.com/3a99d7310fc3da59d344d6a477031fc1","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103288224,"gmtCreate":1659862850613,"gmtModify":1663255743953,"authorId":3555190890634141,"author":{"id":3555190890634141,"authorId":3555190890634141,"name":"erickhoosg","avatar":"https://community-static.tradeup.com/news/214f2233bc77c6b216699b3a8ffe2022","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.03.12","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103288231,"gmtCreate":1659862856489,"gmtModify":1659862860480,"authorId":3582026494482473,"author":{"id":3582026494482473,"authorId":3582026494482473,"name":"Sagi08","avatar":"https://static.tigerbbs.com/04a6ca80d31900bae8ec95b23446e79d","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103288228,"gmtCreate":1659862853810,"gmtModify":1659862857422,"authorId":3579600897400043,"author":{"id":3579600897400043,"authorId":3579600897400043,"name":"Cyn198","avatar":"https://static.itradeup.com/news/93ec67f02db03a8c45239fa911c3cf4e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103288218,"gmtCreate":1659862839270,"gmtModify":1659862842935,"authorId":4091054690126790,"author":{"id":4091054690126790,"authorId":4091054690126790,"name":"tingzzz","avatar":"https://static.tigerbbs.com/c68bad1ccf91bce0f7f4b3f949859233","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905878855,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}