There are praises in response to layoffs: optimize the ratio by 20%. As of September 30th, 20021year, Youzan Company had 4,358 employees, among whom technical and product developers accounted for nearly 40%. There are praises in response to layoffs: the optimization ratio is 20%.
Zan responded to layoffs: optimize the ratio of 20% 1 Recently there are rumors that "the ratio of layoffs is as high as 70%". Some praise said: "The scale has been exaggerated, and the actual adjustment ratio is around 20%."
Regarding which departments and future plans are involved in online transmission, some people said that "affected by the economic situation and epidemic situation, the middle and back office costs have been optimized, and resources have been concentrated to focus on key targets. Ensure that there is more energy and resources to support better service to merchants, and the product development and service capabilities of merchants have not declined. "
In the past two days, SaaS service providers have been exposed by many media to the news of large-scale layoffs. On the Internet, there are even photos of Zan's work cards cluttered in cartons and rows of computers neatly stacked on desks. It looks shocking.
For this news, Youzan has not responded at present. However, on March 25th this year, Youzan issued a "profit warning" announcement. They predict that the company's net loss in 20021year will reach about 3.29 billion yuan, and the adjusted annual non-Hong Kong financial reporting standard loss will be expanded to 900 million yuan.
This will be the ninth consecutive year that Youzan Company has lost money, and in the previous eight years, they have never lost so much. Prior to this, Youzan lost 592 million yuan in 20 19, the most in the past 8 years. 202 1 lost 3.29 billion yuan, setting a new record for their losses.
For the huge loss of 202 1, praise is also explained in the announcement for three reasons:
First of all, due to the challenging and uncertain Internet industry environment and the unexpected spread of the epidemic, the business performance of the merchant service cash generating unit failed to meet expectations. The company expects to confirm the relevant goodwill and asset impairment of about 26,543.8+0.8 billion yuan, all of which are non-cash.
Second, in order to promote the sales performance of the Group and cooperate with the development of SaaS business in the Group's stores, the sales expenses increased by about 23%. Although the increase of these expenses has not achieved obvious income effect in 202 1, it will promote the future development of the group.
Third, in order to enrich and improve the Group's product portfolio, the R&D expenditure in 20021year increased by about 30%.
In other words, the internet environment and epidemic situation have affected a good reputation. At the same time, in the case of 202 1, their sales and R&D expenditure increased by 23% and 30% respectively, which did not significantly stimulate their income growth.
This is indeed a very embarrassing situation.
You Zan made it clear in the announcement that in 2022, they have made more rigorous and meticulous investment in cost control, scientific arrangement of sales and research and development, and listed increasing per capita output, improving operating cash flow and optimizing operating performance as the primary business goal in 2022.
It was also after the announcement of this "profit warning" that Zan once again reported the news of large-scale layoffs. In fact, in June 5438+October 2022 10, Zan had news of layoffs of 1500 people. At that time, there were even rumors that Zan wrote "Personnel Optimization" into OKR in 2022.
For these rumors, praise has responded that it is not true, and the relevant adjustment is "just the adjustment of the business department, splitting the front office business into five major business departments: social e-commerce, new retail, beauty industry, education and Allvalue".
In this wave of rumors at the end of March, according to Hunting Cloud, the well-received new retail department laid off 50% of its staff, while the education department was completely abolished.
The founder of Youzan is White Crow (Zhu Ning). In 20 12, he founded Youzan's predecessor, Pocket Pass, and in 20 14, the company was officially renamed Youzan. On April 20 18, Youzan was listed on the Hong Kong Stock Exchange. In April and August of 20 19, Youzan received HK$ 1 100 million from Tencent and US$ 30 million from Baidu.
At the beginning of 20 19, Youzan announced the implementation of the 996 working system at the annual meeting, which caused great controversy at that time. The White Crow once responded, "Looking back a few years later, this is definitely a good thing, because more people in the society have learned about Youzan culture."
In July 2020, a move by Zanbai Crow caused another controversy. He thought that the picture logo designed by the company's product experience department was too ugly, and angrily changed the experience design department into the "aesthetic missing department". White crow once said: "If this problem is not solved in a month, this department will solve it."
Unfortunately, White Crow's powerful workplace initiatives did not make the company profitable. During the three years from 20 19 to 202 1, they lost 592 million yuan, 295 million yuan and 3.29 billion yuan respectively, with a total loss of 465438+77 million yuan.
The share price of 202 1 has dropped from HK$ 2.68 at the beginning of the year to HK$ 0.54 at the end of the year, a drop of nearly 80% within one year.
In the face of the company's huge losses and the stock price plummeted, Zanzan really reached a critical moment of adjustment.
Zanzan responds to layoffs: optimize the ratio by 20%. SaaS service providers in 08083.HK praised the news of layoffs.
"The departments that praised and didn't make money were laid off, and the production and research were cut by 70%, including education 100%, micro-mall and retail 30%, and Zhongtai Technology 79%." According to the Red Star Capital Bureau, you were quoted by insiders.
On March 28th, Huang Xiaoming, the chief operating officer of Youzan Education, replied to Interface Education about layoffs. "Not so exaggerated. The product maintenance team, customer service team and sales team are all in normal operation. " However, the other party did not reply to the scale of layoffs and the number of remaining employees of Zan Education.
You Zan launched the education business line 20 18 1 1. Youzan Education focuses on private domain operation and provides solutions for teaching and training institutions, covering product functions such as live class, educational administration, student management, and inspector interaction.
Compared with the teaching and training giants who have abundant funds and human resources and can build their own online teams, the demand for SaaS service providers in small and medium-sized institutions is more urgent. Praise official website shows that the businesses it serves cover many fields, such as parent-child early education, interest education, studying abroad and vocational skills. , including building blocks baby, Philippine martial arts physical fitness, water kids and other teaching and training institutions.
At the end of 65438+February last year, Huang Xiaoming said in an interview with Interface Education that in the future, Zan education will focus on quality education, especially in the fields of aesthetic education and physical education.
In May, 20021,Youzan invested10.30 billion yuan in the school housekeeper, who mainly served the backstage educational affairs of teaching and training institutions. In addition, it also invested in the vocational education platform "before and after the job", holding 5% of the shares.
1October 20th, 65438, Youzan initiated a round of layoffs, involving 1500 people. Informed sources told Interface News that most of the employees involved in this round of layoffs are indeed technical development positions.
In addition to mass layoffs, the company also faces the departure of senior executives. In February last year, 65438, a praise announcement showed that Cao, Yan, Gu Jiawang and many other directors of the board of directors resigned collectively. According to Sina Technology, Chen Jinhui, Vice President of Youzan, left his post on 20021and 10.
Perennial losses are also a mountain of praise.
According to the company's recent announcement, it is estimated that the annual loss in 2002/kloc-0 is about 3.29 billion yuan, of which the impairment of goodwill and assets is estimated to be about 2/kloc-0.80 billion yuan, the sales expenditure will increase by 23%, and the research and development expenditure will increase by 30%.
From 20 18 to 2020, the operating losses of Zanzan were 772 million yuan, 995 million yuan and 563 million yuan respectively; The total liabilities climbed from 2.799 billion yuan to 7.582 billion yuan, and the debt ratio rose from 4 1.88% to 62.09%.
As of September 30th, 20021year, Youzan Company had 4,358 employees, among whom technical and product developers accounted for nearly 40%.
Tianyancha APP shows that Youzan has received six rounds of financing, and the latest financing stayed at $654.38 billion in April 2020, which was not disclosed by the investors. Previous investors include Gaochun Capital, Puhua Capital and Jingwei Venture Capital.
Autofast used to be a very important growth engine. In 20 19, the proportion of GMV contributed by Aauto faster to China was as high as 40%, but it decreased to 20% in the first half of last year. On 2021115, Aauto FMCG also announced the third-party disconnection operation for Zanzan, and no longer supported Zanzan to hang third-party products in the live broadcast room.
The praise of the capital market is also quite bumpy. On February 28th last year, Youzan announced that it had applied to the Stock Exchange for listing its shares in Youzan Technology on the main board of the Stock Exchange by way of introduction. However, shortly after Aauto Quicker broke the chain, Youzan announced on 202 1 12 2 1 that China Youzan would no longer be privatized, and Youzan Technology would not further promote its listing application.
As of March 28th, since the stock price reached its peak in February 20021year, the market value of Zanzan has evaporated by HK$ 79.988 billion, and the stock price has fallen by about 96%. At present, the market value of Zanzan is 3.279 billion.
There are favorable comments on layoffs: the optimization ratio is 20%. Recently, there are rumors that the layoffs are well received, and the number of layoffs is as high as 2,000. Some netizens said that the education department was completely abolished. In this regard, some praise responded to Blue Whale Education, saying that the education department is still there, and the number of layoffs is around 1000.
On a social platform, a netizen certified as an employee of Zan Technology said that the company laid off more than 2,000 people, and he was among them. In addition, some netizens said that some of them praised all layoffs in the education department.
In response to the above news, you Zan told Blue Whale Education that the proportion of layoffs in the whole company is about 20% or more, and the number of people is about 1 1,000. It is not true that the education department has completely laid off employees.
It is worth noting that on March 25th, Youzan issued a profit warning. It is estimated that the annual loss in 2002/KLOC-0 is about 3.29 billion yuan, of which the impairment of goodwill and assets is about 2/KLOC-0.80 billion yuan, and the adjusted annual loss in non-Hong Kong financial reporting standards is about 900 million yuan.