BABA To Reorganize & DIS Cutting 7,000 Jobs

Alibaba (BABA) is to follow a holding company management model. Renita Young discusses BABA as it is to reorganize into 6 business groups and other investments. She notes that Daniel Zhang is to continue to serve as Alibaba's Chairman and CEO. She also goes over how, according to eh WSJ, Walt Disney (DIS) eliminated its metaverse unit and its restructuring is expected to reduce headcount by around 7,000. Tune in to find out more about the stock market today.

Morning Trade Live

28 Mar 2023

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