If you recently found that a middle-class person who usually looks decent is planning to sell his 200-square-meter river view mansion overnight, sell the Porsche Cayenne he bought not long ago, withdraw his children from the international school, sell his wife's brand-name bags, and cancel all travel plans, then there is only one truth: he was laid off.
The news of Alibaba's massive layoffs has spread across major platforms, and this may just be the beginning of layoffs in the Internet industry.
The layoffs involve Taotian Group, Cainiao, Local Life, Cloud Intelligence Group, and Big Entertainment; the total number of layoffs is 25,000; Taobao and Tmall’s research and development departments will lay off 25% of their employees; and Alibaba Cloud Intelligence will lay off 7% of its employees.
In recent years, large companies have been laying off employees. In the past five quarters, Alibaba laid off 24,100 people, and this quarter it laid off more than 25,000 people. In large Internet companies, laying off an entire department is no longer a new thing, and most of the people laid off are middle-class.
After these people leave, they can only move down to compete with young people. However, due to the mortgage and car loans they are carrying, they do not have an advantage in competing for the same positions with young people. The salary of senior positions at the P7 level can only be reduced by 400,000, and that of P8 to 600,000.
Summary: web2 will eventually decline, web3 is just beginning. Welcome web2➡️web
