It is reported that JD.com will eliminate 10% of senior executives at the vice president level and above at the end of the year.
CTOnews.com news on November 24, on November 22, Liu Qiangdong, founder and chairman of JD.com Group, issued a letter from all members of JD.com, deciding that with effect from January 1, 2023, the cash compensation of all senior managers above JD.com Group Deputy Director and above the corresponding P / T sequence will be reduced by 10% and 20%, and the higher the position is, the more positions will be dropped.
Not only that, according to a report later on by LatePost, JD.com will eliminate the last 10% of senior executives at the vice president level or above by the end of this year.
According to the report, Liu Qiangdong, chairman of JD.com Group, who is in Hong Kong, spoke for more than three hours at JD.com 's semiannual management training meeting on November 20. Liu Qiangdong said the problems seen in some executives include incompetence, mismatch between values and groups, inefficient organization, slow business promotion, and so on. Name and criticize retail executives, saying that they have deviated from the core of the business strategy, namely, cost, efficiency and experience, and further refine the experience into three aspects: product, price and service.
Liu Qiangdong also said that when listening to the strategy meeting, he felt that "executives talk too much about fancy stories, but too little about cost, efficiency and experience. If you don't have a good grasp of such a core strategy, it will be difficult to lead the team in the long run."
Liu Qiangdong also announced at the meeting that he would eliminate the last 10% of senior executives at the vice president level or above by the end of this year.
CTOnews.com learned that JD.com 's current core business is retail, logistics and technology, while other businesses include Health, Jingxi, International, Intelligent Industry Development (providing warehouse, logistics park and other solutions), industrial products (industrial procurement platform), Allianz Insurance. According to JD.com 's 2021 annual report, Liu Qiangdong owns 13.8 per cent of JD.com and 76.1 per cent of the voting rights.
