This is probably the most shared screenshot amongst tech executives in China today:

“Only when Jack Ma talks about layoffs, you see big picture:
Huawei: give up on mediocre employees.
Tencent: structural optimisation.
Baidu: encourage the wolf spirit, and eliminate the bourgeois.
NIO: partial optimisation to improve operational efficiency.
iFlytek: those employees who eat early need to be ‘optimised’.
JD.com: eliminate those employees who can’t fight because of lack of stamina.
Jack Ma: From now onwards, every year we will contribute to the society 1000 talented individuals who have worked at Alibaba for more than 10 years.

Thanks for reading The Low Down (TLD), the blog by the team at Momentum Works. Got a different perspective or have a burning opinion to share? Let us know at hello@mworks.asia.

 

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