ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Companies cuts 10% of management to speed decision-making

Chinese e-commerce group's layoffs follow similar moves at Didi and Meituan

A logo is seen on a delivery driver's helmet in Beijing. China's second-largest e-commerce group is targeting management for job cuts for the first time.   © Reuters

HONG KONG -- E-commerce group plans to cut 10% of high-level executive jobs this year, becoming the latest in a growing list of Chinese technology companies to reduce their workforce.

Though the Nasdaq-listed company lets go underperforming employees every year, is focusing job cuts on executives for the first time.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more