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Alibaba

’s workforce shrank by roughly 34% over the course of 2025, as the company offloaded some of its offline retail businesses while doubling down on artificial intelligence.

The Chinese e-commerce and technology giant ended December with 128,197 employees, down from 194,320 a year earlier.

The disclosure of its latest headcount came in an earnings report released Thursday that showed the firm’s profit plunging 67% and its revenue missing expectations for the last three months of last year.