"During that time period a great sense of uncertainty and confusion hovered over employees. While there was a wait-and-see sort of mentality that set in, the problem was that as time passed, many didn't know just how long that would be," Brian Wong, a former Alibaba executive and author of "The Tao of Alibaba," told CNBC.
"While China's economy during the start of Covid initially remained robust, following the lock-downs everything turned and the combination of disrupted supply chains and changes in the economic climate only compounded the concerns of where all of this was headed."