Alibaba Group Holding is cutting its spending on travel and postponing some new hiring as China’s largest e-commerce company braces for a slowing economy, people familiar with the matter said.
The travel cuts include restricting business class airfares on a unit-by-unit basis, with staff only able to select a premium cabin on every fifth round trip that takes more than 20 hours, one of the people said.
Staff were also told that Hangzhou-based Alibaba would no longer pay for better seats within a class, such as those with extra legroom, a person familiar said. Taxis to the airport will only reimbursed if there is a group of three traveling together, another person said.
When asked about any potential cuts, Alibaba said it’s always investing in talent and hunting for the right people.
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