Alibaba has laid off 40% of its AliExpress Russia employees

Alibaba has laid off 40% of its AliExpress Russia employees ,AIn the midst of the Ukraine crisis, Alibaba has laid off 40% of its AliExpress Russia employees ,As the ongoing Ukraine conflict hinders cross-border commerce, Alibaba Group Holding has let off approximately 40% of its personnel in its Russian joint venture, according to the Nikkei.

It was not possible to reach the Chinese e-commerce behemoth for comment right away.

According to the newspaper, it’s unclear whether there would be further layoffs after some of the laid-off employees willingly left and a few relocated, citing an employee with knowledge of the situation.

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The commercial division was hit the hardest, according to the report.

AliExpress Russia, a joint venture launched in 2019 by Alibaba and Russian partners, operates domestic and cross-border transactions.

The company depends on cross-border sales for more than three-quarters of its business and has been slower to benefit from a pandemic-led ecommerce boom as supply chains adjust to new travel curbs.

It has also been impacted by the fallout from the Russia-Ukraine war.

Layoffs are a setback for AliExpress Russia. But they are also a sign of the challenges facing businesses in Russia during the war. The company has said that it is committed to continuing to operate in Russia. But it is unclear how it will do so in the long term.