Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues on the way! CTOnews.com, June 18 (Xinhua)-- China's largest Chinese academic literature network database, Zhi.com, has recently fallen into the crisis of wage cuts and layoffs.

According to the Times Financial report, employees inside Zhi.com revealed that the company adjusted its salary structure without authorization in May, greatly increasing the proportion of performance pay, resulting in a significant reduction in employees' actual income, which basically ranges from 1000 yuan to 2000 yuan. At present, more than 400 employees have joined the rights group, asking the company to give a reasonable explanation and compensation.

In February this year, Zhi.com opened a full-staff competition, resulting in some employees even forced to go into a state of waiting, facing the risk of being laid off. Now, Zhi.com is issuing an ultimatum to employees waiting for duty. In addition, the company has significantly reduced the amount of year-end bonuses, making employees feel unfair and angry.

In fact, a large number of employees have chosen to leave. In August 2022, Xiao Hong, deputy general manager and spokesman of Zhi.com, disclosed in an interview with Guangming Daily that the total number of people in the company was about 4300. However, according to the number of people in the intranet address book, as of June 13, there were only 3877 people left.

Zhi.com 's pay cuts and layoffs may be related to the antitrust investigation last year. CTOnews.com previously reported that in April 2022, the Chinese Academy of Sciences exposed a renewal fee of nearly 10 million a year and stringent renewal conditions, saying that it could not afford it, and announced the suspension of its database, which triggered doubts and criticism from all walks of life for abusing its dominant market position and hindering academic development. In May 2022, the General Administration of Market Supervision formally filed a case against Zhi.com and made a penalty decision in December, ordering it to stop its illegal activities and impose a fine of 1.752 billion yuan on its sales in China in 2021, totaling 87.6 million yuan. Zhi.com then expressed sincere acceptance and resolute obedience, and introduced a series of rectification measures.

However, it is generally believed that the 5% fine has a relatively limited impact on the operation of Zhi.com. According to the financial report of Tongfang shares in 2022, the revenue of the two companies was 1.25 billion yuan and 460 million yuan respectively, and the gross profit margin was as high as 43.83% and 40.31%, respectively.

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