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Axes Thousands Of Jobs In Massive AI Pivot","url":"https://stock-news.laohu8.com/highlight/detail?id=2620558782","media":"Benzinga","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2620558782?lang=en_us&edition=fundamental","pubTime":"2026-03-20 17:58","pubTimestamp":1774000680,"startTime":"0","endTime":"0","summary":"The Chinese e-commerce juggernaut reduced its workforce by about 34% in 2025, ending the year with 128,197 employees, down from 194,320 a year earlier. The company trimmed headcount after selling its offline retail assets and restructuring operations to focus more on AI, CNBC reported on Friday.These moves come as Alibaba deals with weak earnings, including a 67% drop in quarterly profit and modest revenue growth, partly due to heavy spending on promotions to defend its e-commerce business.The company continues to expand its Qwen model family, launch enterprise-focused tools such as the Wukong AI service, and raise cloud and storage prices to improve monetization.Alibaba is aiming to generate over $100 billion annually from cloud and AI within five years, positioning these segments as key growth drivers. The company is investing more than $53 billion in AI infrastructure and reorganizing its business to focus on enterprise customers and AI services.With strong demand for AI products 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Maintains \"Buy\" Rating on Alibaba-W with Increased Price Target","url":"https://stock-news.laohu8.com/highlight/detail?id=1118404102","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1118404102?lang=en_us&edition=fundamental","pubTime":"2026-03-20 17:10","pubTimestamp":1773997809,"startTime":"0","endTime":"0","summary":"Citigroup has issued a research report maintaining a \"Buy\" rating on Alibaba-W (09988), citing the company's robust artificial intelligence initiatives. The bank raised its target price for 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