Boston, MA 08/07/2014 (wallstreetpr) – There is some good news for those employees who have been laid off from Nokia Corporation (ADR) (NYSE:NOK) due to Microsoft Corporation (NASDAQ:MSFT)’s latest restructuring. Alibaba.com, the internet behemoth in China, is reportedly courting talent from Nokia.
Alibaba Roping in Nokia Employees
Alibaba, is in fact, splashing the entire banner on its website that reads- “Nokia Corporation (ADR) (NYSE:NOK), Welcome to Alibaba.” The e-commerce mogul in the form of Alibaba is seeking to rope in engineers from Nokia in China, with a view to give a boost to mobile offerings. For this purpose, it has also posted 13 new jobs under the title “Nokia” on its official website. Alibaba has also made up plans to go public with IPO in the U.S. this year.
What Alibaba Says?
Alibaba was found posting in its official Weibo account that Nokia was a great company and that Alibaba recognized the contribution of its employees to industry. Alibaba also wrote that the company believed in employees’ dreams and so, it was ready to offer this platform for talent which was leaving Nokia. Weibo is China’s social media platform just like Twitter Inc (NYSE:TWTR).
Alibaba’s Redesigning Strategy
Alibaba was earlier known for being dominant in e-commerce market of China, but it has now started looking beyond that realm in the mobile Internet epoch. Alibaba is now investing money in crucial mobile services as well as technologies such as social media, mapping and mobile browser services.
In order to recruit employees, Alibaba is also organized a recruiting day in Beijing in order to organize interview of potential applicants willing to leave Nokia Corporation (ADR) (NYSE:NOK). The move is seen as a major restructuring strategy of Alibaba’s handset operation, after it was sold to Microsoft in April 2014, in a deal worth $7.5 billion.
Microsoft Corporation (NASDAQ:MSFT), in the meanwhile, has already announced about its plan to slash 18,000 jobs in 2015, which is said to be the largest job-cutting in company’s history. Approximately, two third of the job cuts would be from tablet and phone staff only.
