Microsoft recently laid off more than 1,000 employees, which is larger than the previous plan to cut 10,000 employees. According to the report, the layoffs mainly involved sales and customer service departments, and some sales teams were even laid off entirely. Microsoft's sales and customer service teams have attracted much attention, and Microsoft's layoffs continue in the face of rising market capitalization and continuous growth in revenue and profits. At present, Microsoft has expanded the layoff plan to include engineering project managers and marketing departments, but the specific number of layoffs has not been announced. There were reports that some of the affected employees were transferred, but most were laid off outright. Previously, Microsoft was silent on the layoff plan, criticizing the lack of transparency on the Microsoft leadership team led by Satya Nadella. Some employees expressed displeasure with the decision, accusing Microsoft Chief Commercial Officer Judson Altoff of a lack of transparency.
Alibaba Group released its FY2023 Annual Report. As of August 31, Alibaba Group's revenue was 868.687 billion yuan, up 2% year-on-year, and net profit was 141.379 billion yuan, up 4% year-on-year. Overseas e-commerce and Cainiao business performed well, with Alibaba's international retail commerce revenue reaching 49.873 billion yuan, a year-on-year increase of 17%.
Alibaba Cloud's revenue was 100 million yuan, accounting for 9% of the company's overall revenue, and the year-on-year growth rate fell to single digits. In contrast, overseas e-commerce and rookies in Alibaba's partner list have performed well in the past two years, and Jiang Fan, CEO of International Digital Business Group, and Wan Lin, CEO of Cainiao Group, have become partners of Alibaba, especially Jiang Fan has become a partner again, which has caused extensive discussion on the employment standards of Internet companies, especially Alibaba Group.
