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Alibaba Cuts 34% Workforce Amid AI Shift, Profit Plummets

3/20/2026

39 4 Full Breakdown

Summary

Story summary

Alibaba Group reduced its workforce by 34% in 2025, from 194,320 to 128,197 employees.
The cuts followed the sale of offline retail assets and a shift toward AI.
Alibaba reported a 67% quarterly profit drop and modest revenue growth, and the company aims to generate over $100 billion annually from cloud and AI within five years.
Analysts maintain Buy with a $187.69 target as the stock trades below highs.

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Story summary

Alibaba Group reduced its workforce by 34% in 2025, from 194,320 to 128,197 employees.
The cuts followed the sale of offline retail assets and a shift toward AI.
Alibaba reported a 67% quarterly profit drop and modest revenue growth, and the company aims to generate over $100 billion annually from cloud and AI within five years.
Analysts maintain Buy with a $187.69 target as the stock trades below highs.