In­ter­net com­pa­nies hire fewer, more qual­i­fied

China Daily (Canada) - - NEWS CAPSULE -

Chi­nese In­ter­net com­pa­nies are hir­ing fewer, but more highly qual­i­fied re­cruits, to cope with a slow­ing econ­omy and global chal­lenges.

Since Septem­ber ma­jor play­ers, such as Alibaba Group Hold­ing Ltd and Baidu Inc, have de­cided to re­duce re­cruit­ment num­bers.

With­out re­veal­ing de­tailed fig­ures, Alibaba has scaled back new job open­ings at its cam­pus re­cruit­ments. Next year, it plans to hire 3,000 grad­u­ates, but that num­ber could be re­duced. In Oc­to­ber, Baidu an­nounced a hir­ing freeze for peo­ple with work ex­pe­ri­ence.

China’s lead­ing In­ter­net com­pa­nies have grown at as tar­get­ing rate in a rel­a­tively short time. Alibaba, for in­stance, was set up in 1999, but its work­force had in­creased to 34,000 by June this year.

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