Alibaba's cloud unit to slash 7% of staff in overhaul ahead of IPO

Alibaba's cloud unit to slash 7% of staff in overhaul ahead of IPO

FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China, January 5, 2021. REUTERS/Thomas Peter

Alibaba Group Holding Ltd’s, cloud unit has started a round of downsizing that will impact 7% of the staff as it streamlines its business in preparation for an IPO, a source familiar with the matter said on Tuesday.