Daraz Nepal trims workforce amid South Asia restructuring
Around 30 employees have been laid off in recent weeks as the Alibaba-backed e-commerce platform seeks to streamline operations and strengthen profitability.
Daraz Nepal, an e-commerce platform backed by Alibaba, has recently reduced its workforce by approximately 30 employees. This move is part of a broader restructuring effort across South Asia aimed at optimizing operations. The company is focusing on streamlining its business processes to enhance overall profitability and efficiency. These layoffs are a consequence of the company's strategic adjustments in the region.
This restructuring signals a shift in strategy for Daraz as it navigates the competitive e-commerce landscape in South Asia, potentially impacting its service delivery and market presence.
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