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Alibaba to freeze hiring after growing 'too quickly' – CEO

Thursday 30 April 2015 | 10:17 CET | News
Chinese e-commerce group Alibaba is to impose a hiring freeze in 2015 after having grown "too quickly", according to founder and CEO Jack Ma. In a speech given to staff on 23 April and reported by Reuters, Ma said the company will only replace employees that leave. "Alibaba has really developed too quickly ... this year our entire group headcount will not go up by one person," said Ma. The move comes two months after Ma said that employees would not be receiving their traditional spring bonuses. In January Alibaba confirmed that it had 34,081 employees, a 63 percent increase from a year

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Categories: General
Companies: Alibaba
Countries: China
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