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Sources said that Jingdong will be the end of the year to 10 percent of the senior vice president level above the bottom of the cull

via:新浪科技     time:2022/11/24 13:00:32     readed:75

IT House on November 24 news, on November 22, JD Group founder and chairman of the board of directors Liu Qiangdong released a letter to all the Jingdong staff, decided that since January 1, 2023, Jingdong Group deputy director above and the corresponding P/T sequence above all senior management personnel, cash compensation all reduced by 10%-20%, the higher the position will fall more.

In addition, according to LatePost, JD has decided to eliminate 10% of its top executives from the vice president level or above by the end of this year.

According to the report, Liu Qiangdong, chairman of the Hong Kong-based JD.com Group, spoke for more than three hours by video during JD.com's semi-annual management training session on November 20. Mr. Liu said he saw problems with some executives: poor ability, a mismatch between values and the group, low organizational efficiency and a slow pace of business. Retail executives were singled out for criticism, saying they had strayed from the core of the business strategy, namely cost, efficiency and experience, and had further refined the experience into three aspects: product, price and service.

Liu also says that when he listens to strategy meetings, he feels that 'executives talk too much about fancy stories, but not enough about cost, efficiency, and experience. If they don't grasp such a core strategy, it will be difficult to lead the team in the long run.'

Mr. Liu also announced at the conference that 10% of senior executives at or above the vice president level will be eliminated by the end of this year.

IT Home understands that JD.com's core businesses are currently retail, logistics and technology, while other businesses include health, Jingxi, International, intelligent industry development (providing solutions such as warehouses and logistics parks), industrial goods (industrial procurement platform), and Allianz Insurance. According to JD.com's 2021 annual report, Liu Qiangdong owns 13.8 percent of JD.com's shares and 76.1 percent of its voting rights.

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