24
May
In the latest round of technology layoffs, Alibaba pruning is here. According to a report, Alibaba Group Holding Limited is going to lay off about 7 percent of its workforce earlier this week. According to a Bloomberg report, Alibaba's layoffs are set to affect employees in the tech giant's cloud division. These layoffs, if planned, will affect 7 percent of Alibaba's total workforce. The report added that Alibaba's layoff move forms part of a comprehensive restructuring strategy designed to position divisions for faster growth. The idea is to aim for an independent spinoff of categories, which could eventually become an…