Daraz Group, a venture funded by Alibaba Group Holding Ltd., is cutting 11% of the workforce amid a slump in online shopping. The Pakistan-based company is one of the leading eCommerce firms in the South Asian region. Boeing Begins Layoffs, To Slash 2,000 Jobs in Finance and HR Verticals; Outsourcing Employees at TCS Hit Hard.

Daraz Layoffs:

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