Alibaba
Tech lay-offs spread to South Asia as Alibaba-owned Daraz cuts 11 per cent of workforce amid difficult market environment
Job cuts at Pakistan-based e-commerce firm Daraz follow a workforce reduction of more than 15,000 at parent Alibaba in the first nine months of 2022
The redundancies are line with a trend in the wider technology industry, where firms are slashing headcount amid concerns about an economic slowdown
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