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Daraz Group, Alibaba’s South Asian e-commerce arm that operates in five markets including Bangladesh, has announced that it will “bid farewell to many valued members” but stopped short of disclosing the number.
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Alibaba-owned e-commerce platform Daraz Group has announced layoffs across the group to "adopt a more streamlined and agile structure".
Alibaba: The memo did not mention the number of people affected by the layoff. Daraz declined to comment on the percentage or absolute number of employees impacted across its operations in Pakistan, Bangladesh, Nepal, Sri Lanka and Myanmar.
Daraz Group, the e-commerce platform owned by Alibaba, has announced layoffs across its operations in Pakistan, Bangladesh, Nepal, Sri Lanka, and Myanmar, citing the need to adopt a "more streamlined and agile structure." Acting CEO James Dong conveyed this message in an internal memo reviewed by Reuters. While the memo did not specify the number of employees affected. Daraz also declined to provide details on the percentage or absolute figure of layoffs.