Ron Burgundy Posted April 29, 2015 Share Posted April 29, 2015 Chinese e-commerce giant Alibaba Group Holding Ltd is freezing hiring for the rest of the year because it has grown "too quickly", Executive Chairman Jack Ma told staff. "Alibaba has really developed too quickly ... this year our entire group headcount will not go up by one person," Ma said, according to a transcript of the April 23 speech carried on Alibaba's official messaging app Laiwang. The hiring freeze came to light about a week ahead of Alibaba is due to report March quarter earnings on May 7. In January, Alibaba, which handles more online commerce than Amazon.com Inc and eBay Inc combined, reported slowing revenue growth. View the full article Quote Link to comment Share on other sites More sharing options...
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