Xiaopeng Motors was exposed to large-scale breaches of contract school enrollment, HR transferred the group owner authority and disbanded the school recruitment WeChat group, which had previously suspended personnel expansion
On May 19, after Ideal Motors was revealed to have broken the contract to recruit students, Xiaopeng Motors was also exposed to the same situation. According to a netizen’s revelations on the workplace social platform, senior student Wang reported that he obtained an offer from Xiaopeng Automobile Technology Co., Ltd. through school recruitment last year, and then signed an employment agreement with the company, but in May this year , the company’s HR said that due to business adjustments, it could not provide jobs. Wang also said that Xiaopeng Motors provided students with 5,000 yuan in compensation, and more than 20 students who had broken their contracts like him. The reasons given were various, such as the school was not good, or it was not suitable, and so on.
In addition, according to the screenshots released by Wang Luobei on Weibo, there are also a large number of fresh students in the Xiaopeng Automobile school recruitment group who have been breached by Xiaopeng Automobile for third-party agreements, and the positions involved include UX positions, front-end positions, etc. After the three-party discussion in the Xiaopeng Automobile School Recruitment Group due to the broken contract, the HR of Xiaopeng Automobile began to transfer the group owner’s authority to control the scene. Subsequently, the HR of Xiaopeng Motors disbanded several WeChat groups for school recruitment, and transferred some group members to Feishu Group.
In early April, Xiaopeng Motors was also rumored to be laying off employees. The internal employees of Xiaopeng Motors left a message on the recruitment social platform, saying that the company’s departments are being adjusted, and the proportion of layoffs in some departments may reach 30%. On social platforms, many users also said that Xiaopeng Motors broke the contract for campus recruitment. In this regard, Xiaopeng Motors has not responded yet.
Previously, according to a report from China Business News, employees or management of various departments of Xiaopeng Motors confirmed that there were indeed cases of broken appointments for school enrollment. Internal employees of Xiaopeng said that the turnover of Xiaopeng Motors has been very frequent, so it is not easy to say that it is layoffs, because layoffs and recruitment in some departments are going on at the same time. However, judging from the fact that the enrollment of the broken contract school, we all think that it is shrinking.
Domestic News
Tencent Sports layoffs and cancels six major business groups, and the proportion of layoffs reaches 1/3
On May 19, Tencent Group announced to adjust the organizational structure of the sports business department, basketball operation group, football operation group, comprehensive sports operation group, marketing center, product center/value-added product group, platform R&D center/recommended platform group & The six major business groups of the Platform R&D Center/Portrait and Algorithm Group have been cancelled.
Tencent Sports is part of the Online Video Business Unit (OVBU) under Tencent PCG (Platform and Content Business Group). Tencent PCG broke the news that it would lay off 4,000 employees in March this year. Since then, it has been reported that Tencent Sports will be the hardest hit area for layoffs. Now Tencent Sports has been abolished in six business groups in one fell swoop, with a total of about 100 layoffs. The ratio of layoffs is 1/3.
Byte responded to 80% layoffs in the game publishing business line: there are adjustments, no large-scale layoffs
Recently, there is news in the market that the Byte Game team has laid off 80% of its staff in the publishing business line. The Paper reported that on May 19, the relevant person in charge of Chaoxi Guangnian, a subsidiary of ByteDance, said that the information was untrue, and that some businesses had indeed been adjusted, but there were no large-scale layoffs.
It is reported that Chaoxi Guangnian is the game business segment of Byte. In April 2020, ByteDance stated that the overall volume of the game business will exceed 2,000.
However, with the postponement of the release of domestic game version numbers, Chaoxi Guangnian has cut costs in the form of layoffs. Ohayoo, its casual game distribution and self-research platform, said in November last year: “Recently, due to business changes, some positions and personnel have been adjusted, involving 79 employees, including 30 school enrollments. For those involving school enrollment, the adjustment was adjusted to 23. The classmates have transferred jobs internally, 3 classmates are in the process of internal coordination, and the other 4 classmates have not transferred jobs and chose to resign, and we have provided resignation compensation.”
It is reported that Xiaomi, OPPO and vivo have notified suppliers that they will cut orders by about 20% in the next few quarters
Nikkei Asia reported that Xiaomi, OPPO and vivo, China’s three major mobile phone brands, have notified suppliers that they will cut orders by about 20% in the next few quarters. Nikkei, citing unnamed sources, pointed out that Xiaomi notified the supply chain that it would reduce the original sales target of 200 million units this year to 160 million to 180 million units; OPPO and vivo also reported cuts this quarter and next quarter. The order is about 20% to digest the excess inventory accumulated on the current channel.
Xiaomi Group: Adjusted net profit in the first quarter was 2.9 billion yuan, down more than 50% year-on-year
Xiaomi Group announced on the Hong Kong Stock Exchange on the evening of May 19 that in the first quarter of 2022, Xiaomi Group’s total revenue reached RMB 73.4 billion, a year-on-year decrease of 4.6%; adjusted net profit was RMB 2.9 billion, a year-on-year decrease of 52.9%, of which Expenses for innovative businesses including smart electric vehicles were RMB 425 million; revenue from overseas markets reached RMB 37.5 billion, accounting for 51.1% of total revenue.
Specifically, in the first quarter, Xiaomi’s smartphone business revenue was 45.8 billion yuan, down 11.1% year-on-year, but Xiaomi’s high-end smartphone strategy is still in steady progress. Its global average selling price (ASP) of smartphones reached 1,189 yuan in the first quarter. A year-on-year increase of 14.1%. However, smartphone gross margin fell from 12.9% in Q1 2021 to 9.9% in Q1 2022, which Xiaomi explained was mainly due to promotions on several smartphone models.
The revenue of IoT and consumer products was 19.5 billion yuan, a year-on-year increase of 6.8%. The segment’s gross profit margin increased from 14.5% in the first quarter of 2021 to 15.6% in the first quarter of 2022, mainly due to lower prices of core components such as display panels. Internet service revenue was 7.1 billion yuan, a year-on-year increase of 8.2%. The segment’s gross profit margin decreased from 72.4% in the first quarter of 2021 to 70.8% in the first quarter of 2022. Xiaomi said that this was mainly due to the increase in the proportion of revenue from certain advertising businesses with lower gross profit margins. In terms of other data, Xiaomi’s R&D investment in the first quarter was 3.5 billion yuan, a year-on-year increase of 16.7%.
JD.com: The number of employees more than five years old has grown to 45,000, and the number of employees more than ten years has exceeded 5,000
On May 19, JD.com disclosed the latest number of old employees. JD.com said that old employees who have been employed by JD.com for five years are called “big guys”, and if they have been employed for ten years, they are called “super bosses”. At present, JD.com has more than 5,000 “super bosses”, and the number of employees with more than five years has grown to 45,000.
According to reports, the post-80s managers of JD Group currently account for 91%. In addition, in the first quarter of 2022, JD Logistics spent 10 billion yuan on compensation and benefits for front-line employees, an increase of 1.5 billion yuan over the same period last year.
According to the financial report, as of March 31, 2022, JD.com had about 390,000 employees, excluding part-time staff and interns. As of March 31, 2022, the number of active purchasing users of JD.com in the past 12 months reached 580.5 million, an increase of 16.2% from 499.8 million in the same period in 2021; JD Logistics operates about 1,400 warehouses.
Jingdong Logistics: Selling 100% equity of Jingdong International Financial Leasing to Jingdong Technology for 203 million yuan
On the morning of May 20, Jingdong Logistics announced that the company’s direct wholly-owned subsidiary (seller) and Jingdong Technology’s indirect wholly-owned subsidiary entered into an equity transfer agreement (buyer); accordingly, the seller has conditionally agreed to sell, and The Purchaser has conditionally agreed to acquire 100% equity interest in JD International Financial Leasing Co., Ltd. (a wholly-owned subsidiary of the Company as at the date of the announcement) at a consideration of US$30 million (equivalent to approximately RMB203 million).
Upon completion of the Disposal, the Company will cease to have any interest in the Target Company. JD.com is an associate of JD.com (the controlling shareholder of JD Logistics), and JD.com holds approximately 42% of the equity of JD.com on the date of the announcement, so JD.com is regarded as a connected person of the company.
Midea responds to layoffs: orderly shrinking non-core businesses and suspending non-operating investments
Recently, the news of Midea’s layoffs was reported on the Maimai platform. Today, the official account of Midea Group responded to the news of layoffs. “In view of the judgment of the internal and external environment, the company has ordered to shrink non-core businesses, suspend non-operating investment, and take multiple measures to further consolidate growth potential and improve operating performance.”
On April 25 this year, Midea Group issued a notice of “shutdown and transfer” requirements for some non-core businesses, and Zhong Zheng, CFO of the group, took the lead in promoting the adjustment of related businesses. In early May, in a management exchange meeting of Midea Group, Fang Hongbo, Chairman and President of Midea Group, said pessimistically when explaining the company’s strategic plan for 2022, “The next three years will face relatively big difficulties. Unprecedented winter.”
Amou Technology responded to 51% of Chinese shareholders selling equity: no information or contact has been received
On May 18, a press release began circulating online. According to the manuscript, Lianxin Fund, a subsidiary of Lianxin Group, has reached an intention and signed a letter of intent with a number of Chinese shareholders of Anmou Technology, and plans to acquire 51% of the equity of Anmou Technology.
According to the 21st Century Business Herald, Anmou Technology responded to the above rumors: “It is true that (relevant information) is being circulated outside, but at present, Anmou Technology has not received any information or contact related to this.” The reporter also separately Verified the relevant information with the contact mailboxes of Arm and Lianxin Group, but as of press time, no response has been received.
Wang Xiang talks about Xiaomi Auto: Keep the original delivery plan unchanged, and is fully developing
On May 19, during the Xiaomi Group’s earnings conference call, Xiaomi President Wang Xiang said that at present, Xiaomi Auto does not have much progress to announce, and Xiaomi is continuing to invest resources in core technology research and development. At present, the original delivery plan remains unchanged, and all efforts are being made to proceed as planned. Xiaomi previously said that Xiaomi cars are expected to be officially mass-produced in the first half of 2024.
international News
Facebook was exposed behind the scenes to launch a large-scale campaign against the US technology industry antitrust legislation
In the morning news on May 20, it was reported that Facebook was using a front office to hide itself, launching propaganda through op-eds in local newspapers across the United States to lobby the US Congress to abandon antitrust legislation that promotes competition in the technology industry.
According to The Washington Post, American Edge, a political lobbying group founded by Facebook, launched a PR campaign in March. At the time, the U.S. Senate was about to unveil a bipartisan piece of legislation aimed at curbing tech giants.
Although the ads and op-eds claimed to be from groups representing small businesses, they were in fact funded by Facebook, one of the world’s richest companies. The ads and paid-for articles warn that the new legislation “is a misguided agenda” that will “rake away the technology we use every day.”
TikTok plans to boost gaming business, test in Vietnam
It has been revealed that TikTok plans to roll out the gaming feature more widely in Southeast Asia, possibly as early as the third quarter. A TikTok representative said the company has tested bringing HTML5 games to its app through partnerships with third-party game developers and social gaming company Zynga, among others, but declined to comment on TikTok’s plans for Vietnam or its broader goals for the gaming business. . “TikTok is always looking for ways to enrich our platform and is regularly testing new features and integrations that add value to our community,” the representative said in an emailed statement.
Apple accused of violating labor laws: monitoring employees, preventing them from unionizing
The Communications Workers Association of America (CWA) today accused Apple of violating federal labor laws at its retail store in New York’s World Trade Center. In a filing with the National Labor Relations Board (NLRB), the CWA said Apple interrogated and spied on employees, restricted them from posting union flyers and forced them to attend anti-union speeches.
“Apple retail employees across the country are demanding a voice at work and a seat at the negotiating table,” said CWA executive Tim Dubno. “But unfortunately, Apple’s response runs counter to its stated values. Very little different from other companies, employing high-handed tactics designed to intimidate and coerce workers.”
Amazon cuts hiring plans, overexpands during pandemic
According to reports, Gokul Dakshina, Amazon’s vice president of finance, sent an email to the team, saying that with limited resources, the team needs to make prioritization adjustments. Amazon-owned units have cut hiring targets by 7 percent, a person familiar with the matter said.
A separate email leaked last month showed that Amazon’s “Global Consumer Business” had cut its hiring for this year by 1,511. This department is responsible for Amazon’s online stores, warehouse distribution and logistics, and is a large department. A person familiar with the matter said the hiring cuts were mostly for the company’s annual salaried functional employees rather than hourly wage warehouse workers. An Amazon spokesman had no comment.
Twitter says takeover deal not stranded Musk rebuttal: deadlocked
Musk’s spat with Twitter executives continues over the issue of fake Twitter accounts. Twitter’s lead lawyer and policy director Vijay Gard told employees at an all-hands meeting that Musk was trying to drive down the purchase price and that Twitter did not negotiate with Musk on the issue, and the deal was not on hold. Twitter executives also emphasized that the deal went ahead as expected and that Twitter would not be renegotiating the price.
Earlier this week, Musk said the deal wouldn’t work, and Twitter claimed that bot accounts accounted for less than 5 percent of daily active users, and Twitter could only proceed with the deal until it proved that estimate. Twitter executives declared at the all-hands meeting that the deal was not on hold, and Musk sent a picture immediately after hearing the news, suggesting the deal would continue to stall.
If the dispute between the two sides cannot be resolved, Twitter can use special terms to force Musk to complete the deal. If it still can’t be negotiated, Musk must pay $1 billion to terminate the deal. (Sina)
Google’s Russian subsidiary plans to file for bankruptcy
After a series of clashes with the U.S. tech giant on the part of Moscow, Russian authorities seized its bank accounts, rendering Google’s Russian offices unable to function properly, including hiring and paying employees in Russia, paying suppliers and suppliers. Merchant payments, and other financial obligations.
Apple ordered to pay $300 million for infringing PanOptis 4G LTE wireless patents
Apple’s attempt at a new trial against wireless patent holder PanOptis has been dismissed, meaning the company will have to pay $300 million in damages, according to Apple Insider.
PanOptis and its parent company Optis initially won a $506.2 million lawsuit over Apple’s infringement of a series of 4G LTE patents. That was filed in August 2020, but in April 2021, a federal judge allowed a retrial because of “serious doubts” about the verdict.
That sum was cut to $300 million as a result, but Apple later protested multiple issues with evidence, testimony, jury instructions and the amount Optis awarded. Therefore, Apple argues that it has the right to a third trial. Leifeng Network Leifeng Network
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