Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
In Depth: What’s in the China-U.S. Tariff Truce, and What’s Left Unsettled
LATEST
Who Is Alice Huang, the Former Megaspeed Executive Linked to Nvidia’s CEO?
EU Finds Violation in TikTok Recommendation System
Chinese Lidar-Maker Hesai Eyes Growth Overseas, Where Adoption Lags
China’s Short Drama Boom Puts TV Show Creators on the Defensive
Nexperia’s Dutch Entity Seeks $2 Billion From Wingtech
Taiwan Weighs Tighter Controls on Chip Exports to Chinese Mainland
Tencent Launches Upgraded Hy4 AI Model With Visual Understanding
Meituan Unveils New AI Model Trained on Homegrown Chips
Cover Story: The Global Tech Sell-Off Tests the Economics Behind AI Boom
FCC Votes to Ban Chinese Labs From Testing Electronics for U.S. Market
China Optical Module Stocks Slump Despite Surging Earnings
Tencent Expands Enterprise AI Push With Integrated Workspace
Insta360 Profit Falls 94% Despite Strong Sales Growth
Apple’s Debut Foldable Suffers Hardware and Software Glitches
Unitree Robotics Surges as AI Models Promise to Unlock Robot Potential
Moonshot AI Launches More Powerful Kimi Model
MiniMax Shares Fall Below IPO Price Amid AI Sector Sell-Off
Micron Taiwan Workers Stage Strike Seeking Bigger Share of AI Profits
ByteDance Challenges Claim That AI Dramas Consume 55% of China’s Tokens
MiniMax Cuts API Prices With New Flash AI Model
JD.com Rebuts Layoff Rumors by Reporting Headcount Increase

By Tang Ziyi / May 14, 2019 02:05 AM / Business & Tech

Photo: IC Photo

Photo: IC Photo

The struggling e-commerce company JD.com reported a headcount increase in the first quarter, delivering some good news in the face of swirling rumors of mass layoffs.

In an earnings report, JD.com said its total headcount increased by 1,000 year-on-year in the quarter. JD.com’s earlier move to dismiss 10% of its senior executives had set off reports of widespread terminations.

The reduction in the executive ranks was widely seen as a step to cut costs in the aftermath of the company’s market value tumble after founder Richard Liu was embroiled in a sexual assault scandal.

Huang Xuande, CFO of JD.com, accused media outlets of “over interpreting” the company’s annual reorganization in an earnings call Friday.

The report also noted that the average pay for staff in the company’s logistic unit increased 5% year-on-year. The company’s logistics arm earlier this year launched a controversial trial to eliminate the base salary of delivery drivers, forcing them to rely solely on performance-related pay.

Related: Lawsuit Filer Says CEO Offered Her a Job at E-Commerce Giant JD.com Before Alleged Rape

Share this article
Open WeChat and scan the QR code