No.

JD.com's recent layoffs can also reveal some information to us, explaining the reasons behind JD.com's massive layoffs: the revenue growth rate is constantly decreasing, in order to reduce labor costs. According to data, JD.com's net income for the whole year of 2018 was 462 billion yuan, but so far, JD.com's revenue growth rate has been declining. The continuous decrease in revenue growth, coupled with the competitive pressure from Alibaba and the up-and-coming Pinduoduo, may also be the reason why JD.com has worked hard on labor costs and employee salaries. According to reports, after JD.com does this, it will save tens of millions of yuan in labor costs this year.