Internet companies hire fewer, more qualified
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.