Reuters and staff reporter
JD.com’s community group buying unit (9618) has reportedly sought to lay off 10-15% of its staff, according to mainland news outlet Sina Technology.
The Chinese tech giant will adjust the unit to focus more on supply chain as a core capability in the downstream market, according to the report.
It came after Alibaba (9988) and Tencent (0700) prepare to cut tens of thousands of jobs combined this year in one of their biggest rounds of layoffs as internet companies try to make in the face of China’s sweeping regulatory crackdown, Reuters reported last week citing unnamed sources.
While Alibaba has yet to specify a group-wide target for layoffs, China’s largest e-commerce company may ultimately lay off more than 15% of its total workforce, or about 39,000 employees, said one of the sources with knowledge of the company’s plans.
Tencent’s unit that oversees business, including video streaming and search, will see its workforce reduced by 10 to 15 percent this year, one of the three people said.
Alibaba began laying off employees last month, the first source said. Its local consumer services segment, which includes food delivery company Ele.me and other food delivery and mapping services, intends to lay off up to 25% of its employees, said said one of them.