China’s largest company Alibaba Group Holding Ltd plans to hire 15,000 people. The giant Chinese technical group is denying the report of job cut. Along with this, the hiring system is also proving that the company is still recruiting.
In a statement released on Weibo on Thursday, the Chinese e-commerce platform said that its “six core business divisions will require a total of 15,000 new recruits.” The company said it would recruit 3,000 university graduates. The Chinese tech firm termed the news of layoffs as a rumor and said that the exit of employees is part of a normal inflow.
Bloomberg It was reported earlier this week that Alibaba’s cloud division has started a round of job cuts (Alibaba Layoffs). During this retrenchment process, the number of employees of the company can be reduced by about 7%.