Alibaba cut ~20K staff during 2023, ending December with 219,260 employees, after cutting roughly the same number in 2022, and bought $9.5B of its stock in 2023 (Vlad Savov/Bloomberg)

Vlad Savov / Bloomberg:
Alibaba cut ~20K staff during 2023, ending December with 219,260 employees, after cutting roughly the same number in 2022, and bought $9.5B of its stock in 2023  —  - It followed roughly the same reduction in roles in 2022  — Company is offloading assets as it works on restructuring

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