Alibaba's Russian venture lays off 40% of staff amid war with Ukraine
AliExpress Russia is a joint venture launched in 2019 by Alibaba and Russian partners
By Arghyadeep Dutta
Published - May 13, 2022, 02:41 PM ET
Last Updated - Feb 27, 2024, 02:43 PM EST
Company facing supply chain disruptions due to COVID-19 curbs and Russia-Ukraine war
Chinese e-commerce giant Alibaba Group Holding has laid off about 40% of the employees from its Russian joint venture as the unending Ukraine crisis disrupts cross-border business, the Nikkei reported on Friday, citing an employee with knowledge of the matter.
It’s unclear if there would be more layoffs in AliExpress Russia, as the commercial division was hit the hardest, according to the report.
Some of the laid-off staff chose to leave voluntarily, and a few relocated, the report said.
