How many layoffs do traditional retail foreign companies have in China?

Some praise was exposed to large-scale layoffs, and some departments laid off 70%.

Some praises were exposed to large-scale layoffs, and some departments cut 70%. For this news, Youzan has not responded at present. In fact, in June 5438+1October, 2022, there was news that 1500 people were laid off in Zan. Large-scale layoffs were exposed in Zan, and some departments laid off 70%.

Some Zan were exposed to large-scale layoffs, and some departments cut 70% 1. Zan (08083.HK) once again heard rumors of mass layoffs.

On March 26th, Zan started a new round of layoffs, and some departments laid off as many as 70%. A screenshot of a box full of employee badges was circulated on the Internet. An informed netizen said it was an employee badge left by Zan after layoffs. In other circulated pictures, not only employee badges can be seen everywhere, but also company computers are waiting in line for sale.

"More than 2,000 people have been laid off, and they have been laid off." "The school recruited them last year and now they are about to be laid off." "Let's go today, let's go next Thursday, goodbye." In the workplace communication platform, many employees who claimed to be praised revealed that they were laid off. Some employees commented that "the company has been blindly expanding for many years and its strategic management level is not good."

In response to the news circulating on the Internet that 70% of employees in CCTV department and 50% ~ 60% of employees in new retail department were laid off, a praised employee told the reporter of Time Weekly anonymously that this was true. "But the layoffs are in batches, one after another." On March 27, the employee added.

It is worth noting that just the day before the news of layoffs came out, Youzan issued a profit warning, revealing that the estimated loss in 20021year was about 3.29 billion yuan, of which the estimated loss of goodwill and assets was about 210.80 billion yuan, and the annual adjusted loss in non-Hong Kong financial reporting standards was about 900 million yuan.

On March 27, the reporter of Time Weekly contacted the relevant person in charge of Youzan, and did not get a reply before the press release.

Redundant storm

You Zan was deeply involved in the layoffs, leaving a chicken feather.

At the beginning of this year, Sina Technology reported that Youzan began the first round of layoffs that month. Among them, R&D personnel of related products and technologies were laid off first, and the number of employees involved even exceeded 1500. At that time, it was said that the number of layoffs of 1500 people had exceeded one-third of the number of employees who were praised.

At the same time, some people wrote "personnel optimization" in OKR in 2022, that is, the overall number of people outside the first-line sales decreased by a certain percentage throughout the year, which is called "optimizing the management by objectives and iterative mechanism to ensure the focus on the core goals and ensure the mobility and collaboration efficiency." A number of laid-off employees recruited by Sina Technology revealed.

In the workplace communication platform, employees are constantly praised for anonymously revealing company layoffs.

"From 996, to giving all employees a 0.5-month year-end bonus, and then to infighting for coaching, I returned to before liberation." An anonymous user said that layoffs are expected. "Rapid expansion will inevitably bring hidden dangers. Take the investor's money and continue to enjoy it. There is no growth point and the business is stagnant. " The above anonymous user said.

Another employee who was praised for being laid off said that the fresh graduates had just signed the offer and had been internship for several months, so they encountered such large-scale layoffs, and almost all of them were terminated in 2022. "What other companies are hiring at this time?" It's too scary. "

In this round of rumors of layoffs, it is the Chinese-Taiwan structure that has been praised for its great efforts to "optimize".

A user who was confirmed as a praised employee revealed that 70% of the praised Taiwan Province Department and 50% ~ 60% of the new retail department were "finished this week".

Previously, Zan's China-Taiwan business was an important part of Zan's overall business structure of retail SaaS business, and it was more responsible for connecting the preceding with the following, opening up data and coordinating business units. New retail is the focus of Zan business. In May, 20021,Youzan announced that "Youzan New Retail" became an independent business brand, integrating products and solutions such as Youzan Retail, Youzan Chain, Youzan Enterprise Micro Assistant and Youzan CRM.

Losses and personnel unrest

The development of praise is not smooth.

Youzan was founded on 20 12, 1 1, formerly known as "Pocket Pass"; 2065438+April 2008, Youzan completed the backdoor listing, which was called "the first share of WeChat e-commerce".

For a long time, as a company engaged in retail technical services, there are SaaS software products that help merchants operate mobile social e-commerce and omni-channel new retail, as well as talent services for business development; In addition, Youzan also developed virtual prepaid card business and cross-border settlement business.

However, Zan has been losing money since its listing. 202 1 The financial report of the first three quarters shows that Youzan achieved revenue of165438+76 million yuan in this period, down 9.9% year-on-year. In the first three quarters, Youzan's operating loss was 759 million yuan, an increase from 356 million yuan in the same period of last year, with a year-on-year increase of113%; During the period, the loss was 670 million yuan, compared with 340 million yuan in the same period last year.

From 20 18 to 2020, the operating losses of Zanzan were 772 million yuan, 995 million yuan and 563 million yuan respectively; This means that China Youzan has accumulated operating losses of more than 2 billion yuan in the past three years.

Debt is also rising year by year. From 20 18 to 2020, the total debt of Zanzan climbed from 2.799 billion yuan to 7.582 billion yuan; The debt ratio increased from 4 1.88% to 62.09%.

At the same time, Youzan Technology, a subsidiary of Youzan Holdings, which wants to sprint the Hong Kong Stock Exchange twice, is also at a loss. According to the prospectus, from 20 18 to the first half of 20021year, the net losses of Youzan Technology were 7140,000 yuan, 504 million yuan, 330 million yuan and 297 million yuan respectively.

In addition to the sluggish performance, Zan is also caught in personnel turmoil.

202165438+February, the secretary-general of the company resigned and Zheng took over; In the same month, Chairman Guan Guisen left his post because of a case. It is reported that Guan Guisen resigned from Youzan as the chairman and executive director of his affiliated wholly-owned company because he was suspected of being related to criminal offences. According to Sina Technology, in 2002110, Chen Jinhui, vice president of Youzan, also left his post.

As of the close of March 25th, Youzan's share price was only HK$ 0. 19, down 4.04%, with a market value of HK$ 3.5 billion. Since the end of 20021March, the share price of Youzan has shown a downward trend. Compared with the historical peak of HK$ 2.54 in March last year, its market value has evaporated by more than HK$ 40 billion.

Some praise was exposed to large-scale layoffs, and some departments cut 70%. In the past two days, SaaS service providers have been exposed to mass layoffs by many media. There are even photos in cartons on the Internet, and rows of computers are neatly stacked on desks. It looks shocking.

For this news, Youzan has not responded at present. However, on March 25th this year, Youzan issued a "profit warning" announcement. They predict that the company's net loss in 20021year will reach about 3.29 billion yuan, and the adjusted annual non-Hong Kong financial reporting standard loss will be expanded to 900 million yuan.

This will be the ninth consecutive year that Youzan Company has lost money, and in the previous eight years, they have never lost so much. Prior to this, Youzan lost 592 million yuan in 20 19, the most in the past 8 years. 202 1 lost 3.29 billion yuan, setting a new record for their losses.

For the huge loss of 202 1, praise is also explained in the announcement for three reasons:

First of all, due to the challenging and uncertain Internet industry environment and the unexpected spread of the epidemic, the business performance of the merchant service cash generating unit failed to meet expectations. The company expects to confirm the relevant goodwill and asset impairment of about 26,543.8+0.8 billion yuan, all of which are non-cash.

Second, in order to promote the sales performance of the Group and cooperate with the development of SaaS business in the Group's stores, the sales expenses increased by about 23%. Although the increase of these expenses has not achieved obvious income effect in 202 1, it will promote the future development of the group.

Third, in order to enrich and improve the Group's product portfolio, the R&D expenditure in 20021year increased by about 30%.

In other words, the internet environment and epidemic situation have affected a good reputation. At the same time, in the case of 202 1, their sales and R&D expenditure increased by 23% and 30% respectively, which did not significantly stimulate their income growth.

This is indeed a very embarrassing situation.

You Zan made it clear in the announcement that in 2022, they have made more rigorous and meticulous investment in cost control, scientific arrangement of sales and research and development, and listed increasing per capita output, improving operating cash flow and optimizing operating performance as the primary business goal in 2022.

It was also after the announcement of this "profit warning" that Zan once again reported the news of large-scale layoffs. In fact, in June 5438+October 2022 10, Zan had news of layoffs of 1500 people. At that time, there were even rumors that Zan wrote "Personnel Optimization" into OKR in 2022. For these rumors, praise has responded that it is not true, and the relevant adjustment is "just the adjustment of the business department, splitting the front office business into five major business departments: social e-commerce, new retail, beauty industry, education and Allvalue".

In this wave of rumors at the end of March, according to Hunting Cloud, the well-received new retail department laid off 50% of its staff, while the education department was completely abolished.

White Crow

The founder of Youzan is White Crow (Zhu Ning). In 20 12, he founded Youzan's predecessor, Pocket Pass, and in 20 14, the company was officially renamed Youzan. 2065438+In April 2008, Youzan was listed on the Hong Kong Stock Exchange.

At the beginning of 20 19, Youzan announced the implementation of the 996 working system at the annual meeting, which caused great controversy at that time. The White Crow once responded, "Looking back a few years later, this is definitely a good thing, because more people in the society have learned about Youzan culture."

In July 2020, a move by Zanbai Crow caused another controversy. He thought that the picture logo designed by the company's product experience department was too ugly, and angrily changed the experience design department into the "aesthetic missing department". White crow once said: "If this problem is not solved in a month, this department will solve it."

Unfortunately, White Crow's powerful workplace initiatives did not make the company profitable. During the three years from 20 19 to 202 1, they lost 592 million yuan, 295 million yuan and 3.29 billion yuan respectively, with a total loss of 465438+77 million yuan.

The share price of 202 1 has dropped from HK$ 2.68 at the beginning of the year to HK$ 0.54 at the end of the year, a drop of nearly 80% within one year.

Some praise was exposed to large-scale layoffs, and some departments cut 70%. Recently, many netizens broke the news on social platforms, saying that the layoffs were well received, and the proportion of layoffs was suspected to be 70% in the Chinese-Taiwan department, 50% in the new retail department, and all the education departments were abolished.

Hunting Cloud found on social platforms that many employees certified as Zan Technology said they were laid off, many of whom were technicians.

At present, Zan has not responded to this matter.

Earlier, in June of this year, 5438+ 10, there were media reports that Zanzan started the first round of layoffs that month, and the R&D personnel of products and technologies were laid off first.

A number of sources who accepted layoffs said that Zanzan wrote "personnel optimization" in OKR in 2022, that is, the overall number of people except direct sales decreased by a certain percentage throughout the year, and the target management and iteration mechanism were optimized to ensure the energy of core goals, reduce collaboration chains and functional modules, and ensure mobility and collaboration efficiency.

Some insiders predict that Zanzan's scale of this round of layoffs is expected to exceed 1.5 million. From the perspective of OKR, functional departments and middle departments such as products and technology will be the hardest hit areas for layoffs.

In addition, Chen Jinhui, Vice President of Youzan, resigned on 2002110, and internally said that the reason for leaving was physical reasons. In February, 65438, Chen Jinhui's assistant in Zan also left his job.

Since 20021,many internet companies have embarked on the road of contraction, including Baidu, Aauto Quicker, ByteDance, Iqiyi and other companies, all of which have experienced large-scale layoffs. It has been praised that this large-scale layoffs may be related to the continuous decline in revenue.

According to the financial report of Youzan in the first three quarters, the operating income of Youzan was165438+76 million yuan, down 9.88% year-on-year, and the net loss attributable to the parent company was 356 million yuan, with a year-on-year loss of 99.35%.

2021115, Aauto hurry up. E-commerce announced that Zanzan would be broken by a third party, and it no longer supports hanging Zanzan third-party products in the live broadcast room.

202165438+In February, Youzan also issued an announcement to cancel the delisting of China Youzan and the re-listing of Youzan Technology. At the same time, board members Cao, Yan, Gu Jiawang and the secretary all resigned.

From February 7, 20265438 to October 20, 2022, the share price of China Youzan dropped from the highest HK$ 4.52 to HK$ 0.365, and its market value evaporated by nearly 92%.