PANews reported on November 4 that according to the South China Morning Post, Alibaba Group recently laid off dozens of employees in its Metaverse department, Metaverse. The layoffs involved the operation teams in Shanghai and Hangzhou. People familiar with the matter said that this move was to optimize the business structure and improve organizational efficiency. Although the Metaverse department had previously received billions of RMB in investment and had hundreds of employees, Alibaba is adjusting its resource allocation to cope with the cooling trend in the Metaverse field. In the future, Metaverse will continue to focus on the development of Metaverse applications and tools and provide relevant services to customers.