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Sagging moral at China's second largest e-commerce company #JD as some units target up to 50% job cuts, people familiar bloomberg.com/news/articles/… @Davidramli @pelstrom @Robert_Fenner @edwininla
#JD employees are freaking out and many are scrambling to jump ship. The way JD handled this layoff-- saying anyone who's too complacent or arrogant can be fired-- is prob the worst kind of signal to be sending out to internal staff already being paranoid bloomberg.com/news/articles/…
#JD is also reneging on some work contracts and offering impacted college graduates token compensation of 5,000 yuan. JD hasn’t posted annual profit since its 2014 listing. It saw three of its most senior executives announce departures within the past two months, including CTO
