Shocked!
😱 #bybit Layoffs expose hidden rules in Web3 industry
Chinese employees suffered heavy losses! 💔
Bybit suddenly laid off a large number of employees, and Chinese employees were in tears! 😢 In order to enter the Chinese market, Bybit decided to relocate employees to Malaysia and Dubai🌍, and planned to close the Shanghai and Shenzhen offices. What is the secret behind this move? 🔍
Do you know the hidden rules of the Web3 industry? 🤔
1. Register abroad and work in China: Most Web3 companies choose to register abroad🏢, core executives are stationed overseas✈️, and the development team is distributed in China🖥️.
2. Pay wages with virtual currency: It sounds cool😎, but you will cry when you really leave! 😭 Receive wages with virtual currency, but it is difficult to guarantee severance pay💸
3. Labor law is difficult to guarantee: The economic compensation under the protection of China's labor law is often far from the actual income of virtual currency📉. Mr. Li worked at Bybit for 3 years and 8 months, with a monthly salary of 10,000 yuan💰. According to the law, he should receive 40,000 yuan in compensation, but the actual situation is far more complicated🧐. (Picture📊)
It's always great to receive U while working, but I feel uneasy about the compensation when I leave💔
When I was working, I felt great to receive virtual currency salary! 🚀 But when I left, I found that I might not get the compensation I deserve😓. The common pain point of Web3 employees-"not feeling good about the compensation when I left"🤯.
How to protect yourself? Look at these points👇
1. Be cautious when signing a contract📝: clarify the salary payment method and the terms of the resignation compensation🔍.
2. Pay attention to legal protection⚖️: Make sure that the contracting company is legally registered in China and can be protected by China's labor law📑. 3. Communicate in advance💬: When negotiating resignation, try to reach an agreement with HR🤝 and avoid legal means🧑⚖️.
The special employment model of the Web3 industry makes the protection of employee rights and interests a huge challenge⚠️. The Bybit layoffs are just the tip of the iceberg❄️, and there are more unspoken rules in the industry that have not been exposed🕵️♂️. In the future, how to protect employee rights and interests within the legal framework will become an urgent problem for Web3 project parties🤔.
