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Alibaba denies reports of job cuts and anticipates hiring 15,000 people this year

Alibaba Group Holding Ltd has refuted recent rumours that it plans to layoff employees and is likely to hire 15,000 people by the end of the year, according to a Reuters report.

The Chinese e-commerce giant said it is still actively recruiting and will be adding more employees throughout the year.

The rumours that Alibaba will be making layoffs across the board came from a statement made by a former executive at the company.

Alibaba also indicated that its hiring practices are in line with the current market situation, which is expected to improve in the coming months.

Alibaba stated that it values its employees and is committed to investing resources in their training and development. The company has invested heavily in artificial intelligence and cloud computing, two areas that require skilled personnel.

Alibaba also revealed that it is expanding its research and development division to focus on the growth of its core businesses. The company has opened new offices in cities like Beijing, Singapore, and San Francisco and is likely to add close to 15,000 new workers by the end of the year.