China’s JD.com to Lay Off 10 Percent of Senior Executives This Year: Report

A JD.com driverless delivery robot is seen in front of parcels outside a JD.com logistics station at Renmin University of China a day after the Singles Day online shopping festival, in Beijing on Nov. 12, 2018. Liu Hongsheng/Qianlong.com via Reuters

SHANGHAI—One of China’s largest e-commerce sites, JD.com Inc., will lay off 10 percent of its senior executives this year, Chinese online media outlet Sina Tech reported Feb. 19, citing unnamed sources.

The cuts were announced at the company’s annual party last week, the report said, adding that JD.com, which has nearly 100 senior executives, had confirmed the planned layoffs.