Chinese e-commerce giant Alibaba has pledged no layoffs1 this year.
Alibaba will continue to recruit new staff, ramp2 up training programs and utilize3 more platform resources to help create more jobs, Alibaba's CEO Daniel Zhang told an internal meeting Thursday.
Talks about Chinese internet companies laying off workers were spreading on social media platforms recently, followed by a number of internet firms in the country announcing plans to cut payrolls4.
"This year we will not lay off employees, but will greatly utilize the Alibaba platform to stimulate5 consumption and generate more orders for the manufacturing and services sectors6 instead," Alibaba quoted Zhang's remarks at the meeting, in a statement Friday.
One of the biggest values of online platforms is to create jobs, Zhang stressed.