October 26th.

Tengying Group officially announced that Gao Hu, the former founder and president of Feiyangyang Catering Group, has passed away.

I have submitted my resignation application to the Group due to personal reasons.

It was formally approved by the group’s board of directors.

What does this mean?

The founder and president resigned without even hearing about his successor.

It is also a traditional catering company that has been listed for less than two years.

Feiyangyang has had a lot of things happen to him in the past two years, not to mention the incident in Shacheng.

Now even the president has left.

In other words, its stock price has always been at its historical lowest level, otherwise it would have fallen by several limit-down levels.

Feiyangyang has no financial problems and its operations remain stable.

As a result, the president resigned.

Anyone who has worked in a large company knows about executives who apply to resign for so-called personal reasons.

They have basically been optimized, but before leaving, the group just gave it a pretty good slogan.

Otherwise, who would leave a newly established company like this?

In addition, the resignation report of President Feiyangyang was released by the highest level of the group this morning.

In the afternoon, another dismissal report was released that shocked the entire industry.

The former head of Feiyangyang’s Guangdong region is Huang Kai, the head of Southern Province is Cai Peng, the head of Beijing is Liu Min, and the head of Shanghai is Huang Jiawen.

The heads of Feiyangyang Catering College were collectively dismissed from their posts.

There is not even basic normal severance pay.

The founder of a multi-billion dollar listed company was fired within one day, along with the general managers of four major regions and the founder of a training school.

What is the concept?

It is equivalent to uprooting one's top management team.

There is no question of whether it is at a low point now, after some short-term fluctuations in the stock price of Feiyangyang.

The avalanche started immediately.

Countless retail investors who bought Feiyangyang stocks even thought that they had bought a cursed junk stock.

You thought it was in a period of undervaluation, but one blow after another told you that it was far from being truly undervalued.

It is clearly a domestic giant catering group with 1,500 directly-operated stores.

The investment in these directly-operated stores alone is no less than three or four billion.

Business is operating normally and is doing very well.

The same goes for market reputation. As a result, the market value of less than 8 billion can continue to fall.

If this isn't evil, what is it?

Even Lin Qiunan, who was attending classes at the University of Finance and Economics as usual, was completely surprised. She had never expected that the incident would have such a big impact.

It is even very likely to lead to the direct delisting of a listed catering company.

Not only that, six senior management teams were fired, and even the founder was not spared.

The entire Tengying Group was silent.

No further explanation was given to the outside world, and this was just the first batch of executive teams implicated.

The next day.

Tencent Pictures once again issued an announcement to the public.

The head of the Human Resources Department of Tengying Group has unimaginable power and is even the one that countless people flock to curry favor with.

He was also directly dismissed during this rectification.

Along with her, all the senior management team members in the human resources department that she had brought together were dismissed.

It was obvious that she knew.

It was just because of Gao Hu's relationship with the big boss that he chose to turn a blind eye.

Some of her subordinates also could not escape the fate of being fired.

Not only was she fired, but Chu Qiuyan, the university entrepreneurial goddess and the group's chief image manager for external campus recruitment, was also fired.

Deduct the annual bonus and withdraw from the group partner status.

It's equivalent to a direct downgrade of three levels.

She had no complaints, after all, the problem happened during her school recruitment.

The origin of this matter is also wonderful.

One time, Gao Hu happened to come to the group's campus recruitment conference during his leisure time.

One of the girls immediately caught his attention.

The girl is very pure. Although she may not be as beautiful as a fairy, she is also one of the best beauties in the school.

Especially when she smiles, she looks very beautiful.

Gao Hu was immediately struck by the girl's warm smile, and then a sophisticated HR guessed the thoughts hidden in his heart with just one glance.

After the campus recruitment meeting, the girl was hired.

However, the HR used his power to intercept her resume privately.

Then call her and ask her to meet at the cafe. There is no need to be so clear about what happens next.

A smart HR person pleased Gao Hu in this way.

Gao Hu himself is quite loyal. As the saying goes, we share the good times and the bad times together. He also participated in it with the group of executives who had fought with him to build his empire.

The benefits that the smart HR gained are self-evident.

Gao Hu directly gave him a Porsche Cayenne.

Others also gave some red envelopes, as the saying goes, there is no impenetrable wall within the group.

Especially with so many Feiyangyang executives involved.

Later, Tang Tao, vice president of Tenghui Department Store, two presidents of Snack Run, and two executives from Bobo Milk Tea and Lujiao Coffee all got involved.

With the help of Gao Hu and a series of group executives, the position of that smart HR was promoted step by step.

The impact of this incident is getting bigger and bigger.

It was not discovered until today, and then there was a storm of executive dismissals that shocked the entire industry.

You have to know that the large enterprises under Tencent are all listed groups. Not to mention the number of employees, each of them has tens of thousands of shareholders.

When such a huge personnel storm emerged, everyone wanted to ask a question.

What the hell happened?

It was October 28th.

Tengying Group even issued an announcement that there are more than eight vice president-level figures in Bobo Milk Tea, Lujiao Coffee, and Tenghui Department Store.

All were dismissed.

Even the head of their own group's human resources department was subjected to a large-scale purge.

No one expected that the incident was caused by a self-righteous HR.

He was also very capable. He single-handedly took down nearly 20 senior executives of the group.

Chen Pingsheng even issued a serious statement within the group, saying that human relationships are not the means to run a private enterprise, as they will only lead the enterprise into an endless abyss.

Not only was a statement released, a larger group storm was also ongoing as scheduled.

An internal investigation report initiated by Tencent Film Group's Economic Research Institute has completely made countless executives tremble with fear.

In the early stages of a business, everyone will be highly sensitive and even vigilant to the market because of their dreams or desire to make money.

As the companies supported by the group went public one after another, the executives who had originally started the business together became financially independent.

What follows is that you let down your guard and start reducing the time you spend struggling.

He even indulged in his own selfish desires, which led to the Tengying Concubine Selection incident that shocked the entire group.

In other words, Tengfei New Energy is independent and does not have much contact with Gao Hu and others, otherwise it would definitely be unavoidable.

Going public does not mean that a company can rest on its laurels. On the contrary, given the current economic situation, it will allow this kind of atmosphere and situation to spread to the entire group.

Even the largest trees will be in danger.

The Tencent Industrial Economics Research Center not only brings together professors from dozens of top universities in China.

It also brings together more than 20 leading economists from home and abroad.

Their task is not only to study the global industry, but also to keep an eye on the personnel management within the group.

So that the group can continuously adapt to the market and optimize.

It is obvious that as Tencent Pictures has moved from a startup enterprise to the highest level of the domestic private economy.

Those veterans who have worked together with it to develop the company are already thinking about taking credit for it.

This is an extremely dangerous signal.

Whether Chen Pingsheng is willing or not, he must make drastic changes before this economic turning point comes.

As the saying goes, kindness cannot command an army, and goodness cannot keep wealth.

He now has to optimize a large number of veterans who have fought with him.

Only by providing positions and channels for young people who are truly young, passionate and willing to work hard can we maintain the vitality of the group.

Zhang Wanyi brought a personnel survey form and handed it to him. "Uncle Chen, there are a total of 1,652 Level 12 executives in the group who have worked for more than three years and are over 35 years old."

Chen Pingsheng took it and looked at it, then said, "A lot of familiar names. I still remember the determined and determined looks in these people's eyes when they first came to the group. I didn't expect that in just a few years, most of them have lost that fighting spirit."

"Let's start the internal personnel investigation report of the group and complete the overall optimization of senior management within half a month."

A big storm is really coming.

The big boss is planning to clear out those executives who have lost their fighting spirit.

The passive optimization options for these people are to either leave the group with a sum of money.

Or start from the grassroots level again.

No matter what the final result is, such a large number of executives are optimized.

It will still cause workplace turmoil throughout the country.

Even more exaggerated, countless people will start to scold Tencent Film Group for being ungrateful and killing the donkey after it has done its job.

When the birds are gone, the bow is put away.

I'm afraid these people can't appreciate the kindness of the big boss.

Compared with these senior management teams, the number of grassroots employees of Tencent Film Group exceeds one million.

If so many executives are allowed to rest on their laurels, it would be the greatest harm to the millions of grassroots employees.

Many companies, because of the interests of their senior management team, think of firing grassroots employees first when it comes to optimization.

Little did they know.

The ones who really cause poor performance of a company or group are the executives who sit in their offices drinking tea and enjoying the cool air conditioning.

If these people are not optimized, grassroots employees will never receive preferential treatment.

Chen Pingsheng's kindness can only be left to those grassroots employees who are still struggling with life.

And ruthlessness can only be reserved for those executives who have started to enjoy life and have millions of savings.

These people will definitely blame him.

But...so what?

The executive optimization survey report is very simple, just like whether a teacher is good or not, only his students know.

Whether a general is good or not, the soldiers under him will definitely know it clearly.

Only by asking questions from the bottom up can you understand a leader to the greatest extent.

When more than one-third of the team he leads says something bad about him, that person can only be fired.

More than half of them said he was not good, but he could still stay in the position for more than six months.

The leader who promoted him will be fired immediately.

It’s that simple, there’s no need for any complicated methods.

Chen Pingsheng wanted to get rid of all those managers who liked social skills and regarded pleasing their superiors as their core job.

Completely clear out Tengying Group.

His company has always believed in bottom-up investigation.

Once it moves from top to bottom, all power is overly concentrated in the executive team.

Then the entire group will be full of human relationships and worldly wisdom.

(End of this chapter)