Alibaba dismisses layoff rumours, plans to hire employees this year

Earlier this week it was reported that Chinese tech giant Alibaba is planning to lay off 20% of its workforce. A rumour is circulating on Chinese social media about the upcoming job cuts by Alibaba. Now the tech giant has denied the reports of any layoffs and has revealed that it is planning to hire 15,000 new professionals.

As reported by Reuters, Alibaba has said that it is planning to hire 15,000 people this year. The company has also dismissed the rumours that the company is planning to cut 20% jobs. In a post on the firm’s official Weibo account, Alibaba said that among the 15,000, more than 3,000 people would be newly-graduated students. “Talent movement is what all enterprises have been doing. In Alibaba, talents have been coming in and out, moving normally,” the company said in the Weibo post.