Alibaba's South Asian e-commerce giant Daraz announces layoffs in memo


Daraz Group chief executive officer James Dong Photographer: Ore Huiying/Bloomberg

KARACHI: Alibaba-owned e-commerce platform Daraz Group has announced layoffs across the group to "adopt a more streamlined and agile structure", acting Chief Executive Officer James Dong said on Tuesday in an internal memo to employees reviewed by Reuters.

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.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Alibaba , Daraz Group , James Dong , layoff

Next In Business News

Paramount eyes stable earnings on robust launches
Ringgit closes easier against US dollar amid war uncertainty
Consumer sector resilience insufficient for re-rating
Bintai Kinden wins RM45mil TNB contract
Exsim’s outstanding order book healthy at RM300mil�
Ni Hsin in tie-up to accelerate EV deployment
Data centres drive IJM’s order book�with new wins
EI Power inks underwriting agreement
Impressive take-up for Matrix’s industrial space�
Sunway targets RM4bil driven by strategic initiatives

Others Also Read