On March 13th, the news of Alibaba Tencent's layoffs had already exploded.

Rumor has it that internet giants such as Tencent and Alibaba will lay off a large number of employees in the coming weeks. According to internal speculation among employees

Tencent is expected to lay off 10% to 30% of its workforce, while Alibaba is expected to lay off 30%.

However, some insiders have come forward and said that the overall proportion of layoffs is not high, and there is no specific optimization for employees over 35 years old.

At present, the total reading volume of the topics of "Alibaba layoffs" and "Tencent layoffs" has exceeded 270 million. What is the truth? Look down.

According to multiple sources, there are also insiders who say that the proportion of layoffs is not that high. The main focus of optimization is on business slimming and employee performance, not based on age. It's not a one size fits all policy for those over 35.

The reason for being misinterpreted may be due to the poor industry environment and the decline in stock prices of internet companies, which has led to heavy pessimistic expectations. In fact, it should be interpreted as excessive decomposition.

ByteDance Last year, the highest proportion of comprehensive layoffs in all businesses was about 20%. Compared with ByteDance, Tencent's exploration of new business and staff expansion are relatively conservative. It is speculated that Tencent's reasonable layoff ratio should be less than 20% of bytes.

The main department to be laid off this time is Tencent CSIG Business Group (Cloud and Smart Industry Business Group). All business lines of this business group are being laid off, and by the end of 2022, the actual number of layoffs will exceed 20%.

The 19000 employees of Tencent's CSIG business group are mostly categorized by industry, with KA (key customer) being classified as "Smart Industry Division 1-8": Smart Industry Division 1 is a pan internet industry; 2 for education; 3 for government affairs; 4 for cultural tourism; 5 for manufacturing and terminals; 6 are real estate; 7 are for finance; Eight are for energy.

Due to the impact of double reduction in education, it is obviously not easy. Tencent Cloud 2 (Education) has been greatly reduced and will merge with other departments in the future

Some sales assistants and other peripheral departments in the middle stage are also among the first to be hired. The assistants in the middle stage sales department have been laid off by 50%, and the other half will be transferred to local subsidiaries. This can relocate some of the labor costs from Tencent Group.

In fact, layoffs are not groundless. Last year, we had already smelled the wind. In the 2022 Spring Festival, many employees of Tencent CSIG had their year-end bonuses reduced. Previously, there were almost six months of salary, but this year it was only 2-4 months.

To understand the reasons behind these events, one needs to look at what has happened to these large factories in the past year.

Tencent's stock price has halved in the past year.

However, CSIG has always been losing money in this business, and in the past, the overall environment was decent. In order to achieve market capacity, CSIG even sacrificed one yuan to win the bid and took big orders. However, in 2022, under various pressures, CSIG has set "profit" as its business development indicator. From "winning the bid for 1 yuan" to "having to make profits", Tencent CSIG is experiencing the pain of transformation.

There is also a department in the disaster zone: Tencent PCG (Platform and Content Business Group), which reportedly has nearly 10% of layoffs in its department, and the number of layoffs is still increasing.

Obtaining poor performance or not renewing contracts after expiration is the main means of layoffs. An employee said, "Yesterday, a group of employees whose contracts have expired were notified on the intranet and will not renew them in the future

In fact, PCG has been laying off employees for several months, and the organizational structure has undergone significant adjustments. A former employee said, "This year, the team's HC has been negative, and it is inevitable that a few people will be laid off." "After the organizational structure adjustment, the business units merged, and HC has been reduced accordingly. With the replacement of multiple responsible persons, some underperforming middle managers are also inevitably fired

An Alibaba employee stated that they have received a layoff notice, allowing them to make a living on their own.

Youjian Jun consulted with friends related to Alibaba and received the following information:

Recently, talent inventory is being conducted, including the positions, number of people, and specific personnel situation of each business unit, but not for layoffs;

Some of the recruitment positions have indeed been closed, most of them are positions that cost money and are icing on the cake. The core positions have not stopped recruitment, let alone layoffs;

The focus of recruitment positions is indeed tilted towards upcoming projects, and some parts are not taken into account. This situation still exists, but talking about major layoffs is ridiculous;

In short, Alibaba Human Resources has set the main tone and will not proactively lay off employees in 2022, reduce unnecessary recruitment, and there will definitely be a natural flow of personnel.

It seems that the proportion of layoffs is not as high as online rumors, but Alibaba's life is not as good as before.

As of the close on March 14th, Alibaba closed at $86.71 per share, a decrease of nearly 6.7%, and its stock price hit a new low for the year.

In the past, Alibaba opened for $92.2 on its first day of listing.

The biggest IPO myth in history, which took 8 years, ultimately fell below the starting point.

The stock price has fallen, and the income of farmers has plummeted.

After all, stocks, options, and other factors account for a large portion of the salary structure of farmers.

The salary of farmers with a code has been reduced from 2 million to 650000 before tax. Because everything else is stocks, and the stock market is now plummeting, the job is also facing salary cuts

Not only that, some farmers have entered the stock market with a high pole, but now they have suffered heavy losses. When the market was good, they bought luxury homes and had a second child, but now they are all burdens.

The supply cut-off tide may indeed occur, "admits one farmer.

Netizens on Weibo generally believe that layoffs are a normal phenomenon.

During the epidemic period, the life of large factories was not easy, and the overall environment was sluggish, so we had to "give up the small to protect the large".

@Ye Aimao stated that the expansion was too fast the year before last, and it began to shrink last year. Internet giants are gradually downsizing, which is visible to the naked eye.

@Chang'an Digital Jun stated that not only Tencent and Alibaba, but also various industries have been affected, and bosses are lamenting that "business is not easy to do".

@Commander Guogaitou expressed doubts that such a large-scale layoff is unbelievable.

@Li Guijiang said, "In 2022, it's better to seek stability. Don't invest recklessly and expand blindly. Those who have classes should first improve their skills and accumulate more cash in their hands

For this matter, some bloggers suggest tightening their belts to make ends meet.

Some bloggers have expressed doubts about this matter.

However, there are also concerns about the current environment: this time it's finally the turn of the big factory.

Is the domestic situation really so bad?

Last year, it was still one of the top ten global giants in terms of market value, with so many layoffs. Coupled with the impact of isolation and lockdown, the economy will become even tighter.

Moreover, if those who have been laid off have high mortgage payments, it would be disastrous.

There should be no companies that can afford the high salaries of Alibaba and Tencent in the past two years now.

It's difficult to get back to work, even if you find one, your salary will be reduced, and you won't be able to afford the mortgage.

A grain of ash from the times, falling on a person's head, is a mountain.

Behind the four words' Shenzhen city closure 'is the suspension of the lives of millions of people, the education industry has been uprooted, and life in the era of the epidemic is too turbulent compared to before. It is difficult to say what kind of job is absolutely stable now, and perhaps the industry we are currently involved in may also lead to a large number of layoffs and premature deaths due to changes in international and domestic relations in the future.

The only constant is change.

The collective frenzy of Chinese concept stocks led to a sharp drop in market value. The real estate sector is als