China’s to lay off 10% of senior executives this year

FILE PHOTO - A sign of China's e-commerce company is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. REUTERS/Aly Song/File Photo Inc, one of China’s largest e-commerce sites, will lay off 10 per cent of its senior executives this year, Chinese online media outlet Sina Tech reported on Tuesday, citing unnamed sources.

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