Liu Qiangdong has taken action against the "lying flat" brothers!
Recently, there have been constant reports of strict attendance control on JD.com. According to Securities Times reporters confirming to JD insiders, JD founder Liu Qiangdong bluntly stated at a recent management meeting, "Those who have poor long-term performance and never strive are not my brothers."
The above-mentioned person further revealed to reporters that JD has employees who clock in for nearly a hundred days a year and leave work at 4 o'clock every day, but still receive full salary. According to statistics, the number of times employees clock in on behalf of JD each month is as high as 14000.
"Not fighting is not a brother"
At present, the entire senior management of JD.com is reflecting on the management mistakes that have occurred in the past few years, acknowledging that the JD Group system has a "big enterprise disease", even more serious management problems than "state-owned enterprises are even state-owned enterprises".
According to reporters confirming with insiders at JD.com, Liu Qiangdong bluntly stated at a management meeting, "Anyone who has poor long-term performance and never strives is not my brother."
An insider revealed, "The management is indeed reflecting on JD's overly loose management model in the past few years, which has led to the company's slow development and underperformance in a fiercely competitive environment, serious issues with the corporate culture of major business sectors, and a long-term low stock price. Therefore, a stricter attendance system has been introduced."
It is reported that JD takes a lunch break of up to 2 hours, and can even turn off the lights to sleep. Compared with other Internet companies, JD has many employees who start work at 2:30 in the afternoon. Even employees who clock in for nearly a hundred days a year and leave work at 4 o'clock every day can still receive full salary. According to statistics, there are as many as 14000 internal clock ins on behalf of JD.com per month.
Therefore, JD.com has recently started adjusting its lunch break rules and implementing strict attendance checks. The new regulations require that the number of people at work stations be counted at 9am every day, and if the shuttle bus is delayed, proof photos must be submitted; Reduce the lunch break time to 1 hour, and do not turn off the lights between 12:00 and 13:00; It is strictly prohibited to clock in on behalf of others, and once discovered, relevant personnel will be dealt with seriously; To evaluate employee job saturation, employees who leave work at 18:00 in the evening are required to consider their job saturation; All non work WeChat groups have been disbanded.
According to the reporter's understanding, in fact, at the end of last year, Liu Qiangdong expressed serious dissatisfaction with JD's management, firstly due to the overall organizational efficiency, and secondly due to the strategic focus of the group.
Is strengthening the clock in mechanism a disguised form of layoffs?
According to the reporter's understanding, JD.com does indeed hire employees with serious clock in phenomenon, as well as employees who have poor long-term performance but are unwilling to work hard and still have no performance improvement.
According to media reports, there is an internal belief within JD.com that JD.com is quite tolerant towards its employees, especially its senior employees. Some even claim to have won the "death free gold medal" after three years, while employees with poor performance and low willingness to work hard are retained. This has led to some employees being very lazy, and has also caused a sharp decline in JD's combat effectiveness, resulting in a serious decline in performance growth rate.
Some employees who have been laid off have stated that JD.com is actually implementing strict attendance policies to indirectly lay off employees. A former employee of JD.com stated that the majority of the layoffs involve senior employees in various positions such as marketing, operations, and procurement, while fresh graduates were laid off due to their remarks on the internal network touching JD.com's red line.
The reporter sought confirmation from JD.com, but the other party did not respond to this.
JD. com's financial reports for the past three years show that its total number of employees increased from 390000 to 520000 from 2021 to 2023. The average annual income per employee was approximately 2.4694 million yuan, 2.3225 million yuan, and 2.0976 million yuan, respectively, a decrease of approximately 371800 yuan within two years.
As of the closing of the US stock market on May 24th, JD. com's stock price was $30.27 per share, with a total market value of $48.18 billion. In 2021, JD. com's stock price reached a peak of $101 (before being reinstated), a 70% drop from its high level.