Technology, Industrials, Automotive May 31, 2022 04:34 PM (GMT+8)
It was learned from several sources that Midea's current round of layoffs began in March, and each business group has been advancing at different times, but the recent efforts have been intensified. According to the estimates of internal employees, the criteria for layoffs include: by business, the "unprofitable" departments have priority to be laid off, such as IOT business, mother and baby business that has been established for oneortwo years but has a low output ratio, and pet business; According to the position, those with poor performance scores in the brand market and functional departments have priority to be dismissed. After the organizational structure adjustment in 2020, Midea Group currently has five business groups: smart home, industrial technology, building technology, robotics and automation, and digital innovation business. Except for smart home, they are all enterprise oriented tob businesses. Layoffs affect almost every business group. Insiders estimate that the overall layoff rate is around 20% except for factory employees.
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