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Alibaba pivots from metaverse to AI, lays off employees
Alibaba Group Holding has reduced its workforce in the metaverse division, Yuanjing, as part of organizational restructuring.
According to a source, several employees have been laid off to improve efficiency.
These job cuts affect Yuanjing’s operations in Shanghai and Hangzhou.
Despite the downsizing, the division will continue working on metaverse applications and services.
Recent Alibaba Development
| Timeline |
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28-Oct-2024 💼 Alibaba pays $433.5m to settle US monopoly lawsuit claims
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17-Oct-2024 🚀 Alibaba-backed Turkish ecommerce platform launches LLM
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24-Sep-2024 🤖 Alibaba’s DingTalk launches AI workplace collaboration tools
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19-Sep-2024 🤖 Alibaba unveils more open-source AI models
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| 15-Aug-2024 📈 Alibaba’s financial health in 12 charts |
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