Alibaba again recruited 5,000 employees under the background of layoffs in global IT enterprises
To again recruit 5000 employees, manpower reserves increased by nearly 45 percent – the beginning of this year, Alibaba Group gives olive branch to 5000 people. Yesterday, reporter learned from the Alibaba Group Human Resources Department, which confirmed in 2009 Alibaba would carry out the recruitment and plan to recruit 5000 people. Alibaba Group’s human reserves would increase nearly 45 percent on the basis of 12,000 people.
6000 layoffs! Philips encountered 1.5 billion euros loss in the fourth quarter
News on January 27: Europe’s largest consumer electronics maker Philips on Monday (January 26), said the company had net loss of 1.5 billion euros (1.978 billion U.S. dollars) in the fourth quarter of 2008. This was the first loss for Philips in five years. Philips said the company would cut down 6000 employees all over the world.
Philips mainly rely on a strong health care sector to support sales and profits. Due to the deepening persistent economic recession and financial crisis, Philips was forced in the last three months of 2008 to depreciate 1.3 billion euros (1.714 billion U.S. dollars) their assets, including the recently acquired assets.
U.S. Macy’s department store announced to lay off 7000 employees
By the sustaining downtrend in consumer spending, U.S. Macy’s department store announced on Monday to lay off 7000 employees—roughly accounted for 4% of the total number of staff. Moreover, the company would also cut down the spending, reduce retirement funds and dividends in order to maintain sufficient cash flow.
Affected by this news, the U.S. stock market closed Monday, Macy’s shares fell 4 percent and closed at 8.59 U.S. dollars per share.
The latest data of U.S. Department of Commerce released that in December last year, U.S. consumer spending fell 1.0 percent, personal income fell 0.2%.
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