Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Alibaba employee sacked after claiming boss raped her

Published

on

Major Chinese eCommerce giant Alibaba has fired an employee who claimed her boss and a client raped her

According to reports, the Chinese company has fired a woman who accused her boss and a client of sexually assaulting her while on the job.

In a dismissal letter, Alibaba stated that the employee had spread falsehoods that had damaged the company’s reputation.

The Alibaba staff member went public with her allegations back in August, after claiming that her workplace failed to take action to her initial complaint.

A former staff member was stood down after making a sexual harassment complaint / Image: File

She says she was sexually assaulted on a business trip

Shortly after the complaint was filed, her boss was sacked, however a criminal case that was brought against him was suddenly dropped.

The client accused of raping the former Alibaba worker is understood to still be under police investigation.

The well-publicised case has highlighted the harassment faced by women in the workplace in China.

The employee told government-backed newspaper Dahe Daily that she was fired late last month, with the media firm obtaining a copy and later publishing what is understood to be the termination letter.

Within the letter, Alibaba detailed that the former staffer had spread false information about the assault and about the company not handling the case.

It added this “caused strong social concern and had a bad impact on the company”.

Reports state the employee was quoted as saying: “I have not made any mistakes, and certainly will not accept this result, and in the future will use legal means to protect my rights and interests.”

The staff members lawyer also confirmed her dismissal to the New York Times.

Continue Reading

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

on

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Continue Reading

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

on

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Continue Reading

Money

Netflix expands use of ads despite slow subscriber growth

Published

on

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

Continue Reading

Trending Now