BEIJING—China’s hard-charging e-commerce company JD.com is retrenching, rolling out wide-scale layoffs and closing most offices abroad, people familiar with the matter said, to cut costs to cope with a slowing economy and rising competition. In recent weeks, employees described the Beijing-based company as beset by unease, with a leaked memo taking aim at underperformers. Some departments have ordered staff members to engage in self-criticism sessions to assess their and others’ performance, employees said, and departures...

Source: Wall Street Journal April 12, 2019 11:48 UTC