Chinese e-commerce giant JD.com is planning a substantial round of layoffs which could involve as many as 12,000 jobs, The Information reported.
The retailer may cut up to 8%, or about 12,000 of its worldwide staff, slashing half of the workforce in some teams, the report said, citing people with knowledge of the matter.
The layoff will impact the firm’s Beijing head office and its massive delivery and warehouse staff, it said. But it’s unclear how the layoffs will be distributed, it added.
The company has been adjusting its workforce in recent months.
Last week, it’s executive vice president and chief public affair officer Lan Ye became the third member of senior management to resign within a month’s time. Earlier in February, JD.com said it will fire 10% of its senior management (vice president or above) with the worst performance.
In addition, media reported that JD.com has recently stopped paying delivery staff a base salary — instead, they will only receive performance based incomes.