China’s JD.com to lay off 10% of senior executives this year: report


A sign of China's e-commerce company JD.com is seen at its shop at a mall in Shanghai, China October 26, 2018. REUTERS/Aly Song/Files

SHANGHAI: JD.com Inc, one of China's largest e-commerce sites, will lay off 10% of its senior executives this year, Chinese online media outlet Sina Tech reported on Feb 19, citing unnamed sources. 

The cuts were announced at the company's annual party last week, the report said, adding that JD.com, which has nearly 100 senior executives, had confirmed the planned layoffs. 

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