Chapter 681: Chapter 491: My Future Is Not a Dream
Even Tengying Group, which had an excellent reputation in the market.
In mid-October 2018, they began a massive round of headquarter layoffs.
You can imagine what it’s like for other big companies.
If anyone could put a creative spin on layoffs, it would be Mr. Ma.
According to him, it was about supplying the society with outstanding talent from Alibaba.
Layoffs are layoffs, a matter that those who are let go find difficult to discuss.
...
No matter how great the external turmoil, Pingsheng would never distort the facts in communications.
He openly admitted that the company’s operations over the years were less than ideal.
Whether in running a business or in life, one should be good at self-reflection.
Of course, with the arrival of major changes in the real estate industry.
Traditional industries as well as the internet economy have been declining year by year under this impact.
Only a very small part is doing well; the rise of Teng You dia alone is enough to offset all the losses of companies like Bobo Milk Tea, Tengying Entertainnt, and Fei Yangyang.
That’s the beauty of being a comprehensive, super-sized group.
When one project fails, others rise.
In order to better respond to the tis, Tengying Group has already undergone three major adjustnts.
The first was the earliest contraction of capital, reduction of investnts, building walls high and stockpiling grain.
The second is initiating a reform that involved a complete power shift in all subsidiary stores, changing the previously top-down power structure.
To a bottom-up approach.
The managent layer selection authority was transferred from leadership to employee-driven decisions.
It turned out that this move was very effective.
This step alone has completely improved the operating condition of the entire group’s stores.
As for the third step, which is the current one.
Kicking away the iron seat of the CEO to switch to a rotating system.
The CEOs of major enterprises are decided by a vote, including the board of directors and the next level of managent.
The greatest benefit of doing this is to prevent the company from falling directly into the hands of an unsuitable leader.
In addition, about a quarter of the middle and senior managent at the headquarters were also cut.
Such a large scale of layoffs once again intensified the discussions in Magic City about the midlife crisis.
That’s why they say state-owned enterprises are better.
Private enterprises are purely market economies, highly competitive.
To maintain the vitality of a business, having layoffs every few years is a normal outco.
When the layoff wave hits, the entire group is fraught with anxiety and tension.
Whether managent or junior staff, the most discussed topic these past few days was who would be laid off.
Under such circumstances, everyone began to work overti spontaneously.
Those who would normally leave punctually at five were reluctant to leave even by nine in the evening.
As long as the optimization list isn’t out, no one dares to relax at this ti.
On one hand is the city’s prosperity, on the other is the bitter plight of the working class.
Under the layoffs, countless people are burdened with mortgages, social insurance, and their children’s education.
Even carrying the weight of their elderly parents’ dical expenses and various other burdens.
For them, middle-aged, a good job ans not just inco, but also family stability, education for the children.
The earnest hopes of a wife, and the pride of parents, among other things.
And the consequences of losing such a job in middle age are truly unimaginable.
So, even though not a single person was told to work overti, no one dared leave before the others.
This is what it ans to be middle-aged.
A middle age filled with helplessness and sorrow.
On October 21, a self-shot, improvised layoff video was uploaded to the internal network.
It was fild spontaneously by a few employees who love music. The lyrics were modified to express the difficulties and sorrows of the employees under the wave of layoffs.
“Are you like , nervous in the layoffs, diligently working overti at your post.
Are you like , who, even if blad every day, can’t let go of the shackles of social insurance and housing fund.
Are you like , fantasizing all day about a life where you don’t have to read your boss’s face.
Are you like , who only knows to shrink back cowardly, should break the silence when facing injustice.
Your future is not a dream, you live every minute earnestly, your future is not a dream, your persistence will not be in vain.”
Originally just a video widely shared internally, it was then uploaded to the internet.
And sparked a heated discussion.
It even beca a controversial video.
Regardless of the employees’ bitterness and tears, when that optimization list lands on their desks,
It signifies that they have left Tengying Group, and also left this haven that has always sheltered them from storms.
Chen Pingsheng, at the top of the group, changed the original N 3 compensation plan officially to N 8.
This could be considered the most decent compensation sche he, the big boss, could offer to these departing employees.
This ti, the group optimization laid off over eight thousand employees.
It involved Magic City headquarters, Capital City headquarters, Xiangjiang headquarters, Guangdong headquarters, and the headquarters of four other major groups.
And also involved the headquarters of various major subsidiary companies.
Corporate layoffs are like a cold machine; regardless of your past contributions?
Everyone on the list must leave within three days.
So cried, so were indignant, and more silently scread.
Why am I being laid off when I’ve worked so hard?
There isn’t much reason, it’s only that over eighty percent deserved to be laid off, and perhaps twenty percent might be wrongfully laid off.
This wrong often involves so worldly considerations.
No large corporation can guarantee that an employee beneath the layoffs is definitely leaving the company.
It could be that he indeed perford well, but because he offended soone, he ended up on the layoff list.
As the chairman of the group, Chen Pingsheng can’t look after the fairness of everyone.
He can only ensure to the greatest extent the reduction of such incidents.
After all, Tengying is now too big, with around forty thousand people just in the group’s headquarters alone.
This does not include the associated businesses of Tengfei New Energy.
If all the employees from the various stores are also included, the number of employees is close to six hundred thousand.
For such a large conglorate, laying off over eight thousand employees from the headquarters is a re drop in the ocean.
Once the layoff list is finalized and the process ends, what follows is the re-hiring of staff.
And the start of a new round of rotational CEO voting etings.
Chu Qiuyan was the first to step down from the CEO position at Bobo Milk Tea, and her replacent is Mo Boseng, the Deputy President of the Milk Tea Division.
He is only thirty-four and has always been very respected and decisive in previous decisions.
As for Chu Qiuyan personally, she has been officially appointed as the Deputy Director of the Dream Fund.
The CEO of Xin Teng Live Streaming has been changed from Chang Fu to Xin Youzhi, who has long held the first place on the Xin Teng Live Streaming sales leader board.
After a board decision, Chang Fu took over as the executive CEO of Tengying Entertainnt.
Bai Xin was appointed as Deputy Director.
Yang Qian remained unchanged, while the CEO of Tenghui Departnt Store, Shen Congjun, was succeeded by the Deputy Director Zhang Guangbei.
Shen Congjun was transferred to Teng You dia, responsible for serving as the Global Channels Departnt Director.
In the next few years, Teng You dia will definitely focus on developing internet celebrity rchandising, and transferring him to oversee the entire group’s product selection channels is clearly the most suitable choice.
The secretary, Zhang Wanyi, took over as the first CEO of Teng You dia.
Several of the deputies below have completed so swaps with Xin Teng Live Streaming.
As for Fei Yangyang, Snacks Dash, lon Seed Used Cars, and others, there have been so adjustnts.
After completing this substantial personnel adjustnt, there likely won’t be major changes for the next few years.
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