Pakistan-origin Daraz Group announces further layoffs, a year after 11 percent initial cuts
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KARACHI: Pakistani e-commerce giant, Daraz Group, which is owned by China’s multinational conglomerate Alibaba, has announced further layoffs “for a more streamlined and agile structure” a year after saying it was slashing 11 percent of its workforce due to difficult market conditions triggered by the Ukraine crisis. Daraz was founded in 2012 in Pakistan as an online fashion retailer before becoming a leading e-commerce platform in South Asia.
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Brands Magazine Pakistan
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Pakistan-origin Daraz Group announces further layoffs, a year after 11 percent initial cuts
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Pakistan-origin Daraz Group announces further layoffs, a year
![](https://www.arabnews.com/sites/default/files/styles/n_670_395/public/2023/02/07/3666396-330434157.jpeg?itok=Q6NER8E_)
Daraz slashes 11% workforce, affecting employees in Pakistan
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Pakistan-origin Daraz Group announces further layoffs, a year
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Earthquake of magnitude 6.1 kills 255 in Afghanistan, shakes felt
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Pakistan central bank raises key policy rate by 300 bps to 20 percent
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England Cricket Board says withdrawing men and women's teams
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Ties with China cannot be undermined by 'third countries' — Pakistani national security adviser