Source: China Fund News
Following Alibaba Cloud's response to the layoffs, on the evening of May 25, Alibaba also publicly responded to Alibaba's layoffs that went viral on the internet recently.
Alibaba responds: A rumor is just a rumor
On the evening of May 25, Alibaba responded on its official Weibo platform, saying that recent rumors about layoffs in various businesses such as Taobao, Tmall, Alibaba Cloud, Cainiao, and Local Life have spread a lot, but the rumor is just a rumor. It was also revealed that in 2023, Ali's six major business groups will need to recruit a total of 15,000 new people, including more than 3,000 for the school recruitment conference.
Alibaba also said that the flow of talent is something that all companies do all the time. At Alibaba, talent is also constantly moving in and out, with a normal flow. “In the face of the new situation, new opportunities, and new development, we have never stopped innovating and upgrading ourselves, nor have we stopped recruiting and cultivating outstanding talents. This is a source of vitality for long-term development in the future.”
Just the day before, Alibaba Cloud responded to the online news company's layoffs, also known as normal organizational job and personnel optimization. However, every year, the company will carry out normal organizational job and personnel optimization.
The number of employees fell by 24,000 in the past five quarters
According to financial data recently released by Alibaba, as of March 31, 2023, the number of Alibaba employees was 235,216, and the number of employees in the same period last year was 25,4941, a decrease of about 7.4% over the previous year. However, in the past five quarters, the number of Ali employees dropped by 24,000.
According to financial data, the company's annual revenue for fiscal year 2023 was 868.687 billion yuan, an increase of 1.83% over the previous year; net profit attributable to ordinary shareholders was 72,509 billion yuan, an increase of 17.03% over the previous year. Among them, operating income for the fourth quarter was 208.2 billion yuan, an increase of 2.03% over the previous year; net profit attributable to ordinary shareholders was 23.516 billion yuan, an increase of 244.79% over the previous year.
At the end of March this year, Alibaba initiated the “1+6+N” organizational transformation. The latest financial report also revealed the progress of this reform plan. Among them, Cloud Intelligence Group will be completely spun off and listed independently, Cainiao and Hema will launch listing plans, Alibaba International Digital Business Group will launch external financing, and six major business groups will also formally establish boards of directors.
Regarding various businesses, senior Alibaba officials said on the earnings call that the group's primary source of funding is still Taobao Tmall Group, which generated 25 billion US dollars of free cash flow in fiscal year 2023.
However, it is worth noting that with the rapid development of Douyin and Kuaishou in the e-commerce live streaming field, and under the “multiple attacks” of platforms such as JD and Pinduoduo, competition in the e-commerce market has become increasingly fierce, and Taobao Tmall's data has also declined. Financial data shows that Taobao and Tmall's online physical product GMV (excluding unpaid orders) recorded a year-on-year decline in the number of units this quarter.