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ADR closed 36.47% below its 52-week high of $192.67, which the company reached on October 2nd.The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Bed Bath & Beyond Inc.  fell 2.30% to $4.67, Rakuten Group Inc. ADR  fell 1.93% to $4.58, and eBay Inc.  fell 1.94% to $88.98.Trading volume  eclipsed its 50-day average volume of 12.5 M.Data source: Dow Jones Market Data, FactSet. Data compiled March 20, 2026.This content was created by MarketWatch, which is operated by Dow Jones & Co. 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Axes Thousands Of Jobs In Massive AI Pivot","url":"https://stock-news.laohu8.com/highlight/detail?id=2620558782","media":"Benzinga","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2620558782?lang=en_us&edition=fundamental","pubTime":"2026-03-20 17:58","pubTimestamp":1774000680,"startTime":"0","endTime":"0","summary":"The Chinese e-commerce juggernaut reduced its workforce by about 34% in 2025, ending the year with 128,197 employees, down from 194,320 a year earlier. The company trimmed headcount after selling its offline retail assets and restructuring operations to focus more on AI, CNBC reported on Friday.These moves come as Alibaba deals with weak earnings, including a 67% drop in quarterly profit and modest revenue growth, partly due to heavy spending on promotions to defend its e-commerce business.The company continues to expand its Qwen model family, launch enterprise-focused tools such as the Wukong AI service, and raise cloud and storage prices to improve monetization.Alibaba is aiming to generate over $100 billion annually from cloud and AI within five years, positioning these segments as key growth drivers. The company is investing more than $53 billion in AI infrastructure and reorganizing its business to focus on enterprise customers and AI services.With strong demand for AI products 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