Alibaba's South Asian e-commerce giant Daraz said to have announced layoffs

Alibaba's South Asian e-commerce giant Daraz said to have announced layoffs

FILE PHOTO: Bjarke Mikkelsen, CEO of the e-commerce retail platform Daraz, speaks with Reuters during an interview in Islamabad, Pakistan November 24, 2021. Picture taken November 24, 2021. REUTERS/Asif Shahzad

Alibaba-owned e-commerce platform Daraz Group has announced layoffs across the group to “adopt a more streamlined and agile structure”, acting Chief Executive Officer James Dong said on Tuesday in an internal memo to employees reviewed by Reuters.