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Alibaba-Rival JD Is Said to Target Deep Job Cuts as Losses Mount

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

JD.com Inc. is preparing deep cuts to its workforce and rescinding some job offers as the Chinese e-commerce giant struggles to revive dwindling morale and rein in losses, people familiar with the matter said. Alibaba Group Holding Ltd.’s closest rival told managers that it’s looking to reduce headcount across the company, cutting some teams by…

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