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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.

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