Cleanliness of Chinese company Alibaba, there will be new recruitments instead of retrenchment

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China’s biggest company Alibaba Group Holding Ltd plans to hire 15,000 people. He has denied that the giant Chinese tech conglomerate will cut jobs. Along with this, the hiring system is also proving that the company is hiring new people.

A special statement came on Thursday

According to a report, the Chinese e-commerce platform said that 15,000 new recruits will be made including 6 major business divisions. The company said it would hire 3,000 university graduates. The Chinese tech firm has dismissed rumors of layoffs as part of the normal flow.

What did Bloomberg say?

Bloomberg reported earlier this week that Alibaba’s cloud division has begun a series of layoffs. During this process, the number of employees of the company may decrease by about 7 percent. With this, the company will transfer Alibaba’s empire to another part. The fast-growing cloud unit is preparing for spin-offs and IPOs. The e-commerce giant said it is splitting its operations into six.