Even Tengying Group has an excellent reputation in the market.
In mid-October 2018, a massive wave of layoffs at headquarters began.
You can imagine what happened to other big companies.
If we were to say who can explain layoffs in a unique way, it would have to be Teacher Ma.
According to him, it is to provide outstanding Ali talents to the whole society.
Layoffs are layoffs, and it is a difficult thing for those who are laid off to talk about.
No matter how big the storm outside is, Chen Pingsheng will not distort the facts in his explanation to the outside world.
Publicly admitting that the business conditions in recent years have not been ideal.
Whether you are running a business or being a person, you must be good at self-reflection.
Of course, with the arrival of major changes in real estate.
Both traditional industries and the Internet economy are getting worse year by year under this impact.
The good is only a very small part of it. The rising Tencent Media is enough to offset all the losses of companies such as Bobo Milk Tea, Tengying Entertainment, and Feiyangyang.
This is the advantage of a comprehensive super-large group.
When this project fails, those projects will rise again.
In order to better adapt to the times, Tengying Group has carried out three major adjustments.
The first one was to shrink funds, reduce investment, build high walls and store grain.
The second was to initiate a restructuring involving the subversion of power in all its stores, changing the previous top-down power structure.
Change to bottom-up.
The management's right to choose is delegated from the leaders to employees' spontaneous decision-making.
Facts have proved that the effect of this step is very good.
This step alone will completely improve the operating conditions of the entire group's stores.
As for the third step, it is the current step.
Kick off the CEO's iron bench and replace it with a rotation system.
The CEOs of major companies are decided by a joint vote of the board of directors, including the next level of management.
The biggest benefit of doing this is to prevent the company from dying directly due to inappropriate people in charge.
In addition, the number of middle and senior management at the headquarters was cut by almost a quarter.
Such a large-scale wave of layoffs has once again intensified discussions about the midlife crisis throughout Shanghai.
Otherwise, why do we say that state-owned enterprises are good?
Private enterprises are completely market economies with fierce competition.
In order to maintain the vitality of the company, a wave of layoffs every few years is a normal result.
When the wave of layoffs came, the entire group was in a state of panic and saw enemies everywhere.
Whether it is management or grassroots employees, the most frequently asked question in recent days is who will be laid off.
Under such circumstances, everyone started working overtime spontaneously.
We were supposed to get off work at five o'clock, but at nine o'clock in the evening few people were willing to leave.
As long as the optimization list does not appear, no one dares to relax at this time.
On one side is the prosperity of the city, and on the other side is the bitterness and hardship of the workers.
Amid the wave of layoffs, countless people are still burdened with mortgages, five social insurances and one housing fund, as well as the shackles of their children's education.
They even have to bear the medical expenses of their elderly parents and various other burdens.
When they reach middle age, a good job not only means income, but also family stability and children's education.
The wife's earnest hopes and the pride of the parents, etc.
The consequences of losing this job are really hard to imagine for middle-aged people.
So, even if no one said they wanted to work overtime, no one dared to leave before others.
This is what middle age is like.
Middle age is full of helplessness and sadness.
On October 21, a modified version of the layoff video shot by employees was uploaded to the intranet.
It was spontaneously filmed by several employees who love music, and the lyrics were improved to express the difficulties and sadness of employees during the wave of layoffs.
"Are you as anxious as I was during the layoffs, working overtime to stay at your job?
Are you like me, who can't let go of the shackles of the five social insurances and one housing fund even though I have to take the blame every day?
Do you, like me, fantasize about being able to live without having to worry about your boss's mood?
Are you like me, a coward who retreats in fear? You should break the silence when faced with injustice.
Your future is not a dream. If you live every minute seriously, your future is not a dream. Your persistence will not be in vain."
The video was originally circulated only internally, but was uploaded to the Internet.
This subsequently sparked heated discussion.
It even became a controversial video.
Regardless of the employees' sadness and tears, when the optimization list was handed to their desk.
This means that they left Tengying Group and also left the harbor that had always sheltered them from the wind and rain.
At the top level of the group, Chen Pingsheng officially changed the original N+3 compensation plan to N+8.
This is the most decent compensation plan that he, as a big boss, can offer to these departing employees.
More than 8,000 employees were laid off during the group's optimization.
It involves four major group headquarters: Shanghai headquarters, Beijing headquarters, Hong Kong headquarters, and Guangdong headquarters.
It also involves the headquarters of major subsidiaries.
Corporate layoffs are like a cold machine, no matter how much you have contributed?
Anyone who receives the list must leave within three days.
Some people are crying, some are unwilling, and some are shouting silently.
I worked so hard, why was I still laid off?
There aren't many reasons. We can only say that more than 80% should have been laid off, and another 20% may have been laid off unjustly.
This injustice often involves some human relationships.
No large company can guarantee that an employee will definitely leave the company during a wave of layoffs.
It is also possible that he did perform well, but ended up on the cut list because he offended someone.
As the chairman of the group, Chen Pingsheng is unable to take into account fairness for everyone.
He can only ensure to reduce the occurrence of such incidents to the greatest extent possible.
After all, Tencent is too big now, with about 40,000 people at the group headquarters alone.
This does not include the affiliated companies of Tengfei New Energy.
If all employees in its stores are added together, the number of employees is almost over 600,000.
For such a large comprehensive group, laying off more than 8,000 employees at its headquarters can hardly make a splash.
Once the layoff list is finalized and completed, all that remains is to recruit new people.
And start a new round of rotating CEO voting meetings.
Chu Qiuyan was the first to step down from the position of CEO of Bobo Milk Tea, and she was replaced by Mo Bosheng, vice president of the milk tea business unit.
He is only 34 years old, and has always been very obedient and decisive in his previous decision-making.
As for Chu Qiuyan personally, she was officially transferred to the Dream Fund as vice president.
The CEO of Xinteng Live was also changed from Chang Fu to Xin Youzhi, who has long held the top spot on the Xinteng Live sales list.
Chang Fu took over as executive CEO of Tencent Entertainment after the board of directors' resolution.
Bai Xin took over the position of deputy general manager.
Yang Qian did not move, and Tenghui Department Store's CEO Shen Congjun was replaced by Vice President Zhang Guangbei.
Shen Congjun was transferred to Tengyou Media, where he was responsible for the position of director of the global channel department.
In the next few years, Tengyou Media will definitely vigorously develop online influencers to sell products, and transferring him to be responsible for the product selection channels of the entire group is obviously the most suitable person.
Secretary Zhang Wanyi took over as the first CEO of Tengyou Media.
Many of the vice presidents below have completed some exchanges with Xinteng Live.
As for Feiyangyang, Snacks Run, Guazi Used Cars, etc., some adjustments have been made.
After completing this major personnel adjustment, there will probably be no major changes in the next few years.
(End of this chapter)
Continue read on readnovelmtl.com