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China started the wave of layoffs hit the Internet

28 October 2008 29 views One Comment

In the context of the financial crisis, and layoffs began to spread from the United States to the world, from financial to the automotive industry, construction, retail trade, as well as the spread of the airline industry, of course, the Internet is no exception. EBay recently announced 1,600 job cuts, Hewlett-Packard announced 24,600 job cuts worldwide, nVIDIA announced 360 job cuts, Yahoo announced job cuts of 10% (1,500) … lay off the list of the number of enterprises are still growing.

Naturally, and layoffs in the area of the Internet in China have begun to rise. http://www.bokee.com at a standstill, employees are free to leave, http://china.busytrade.com more than 100 employees to recover 90% of the non-payment of wages, Flashget decided to lay off 50 people, cool Web also laid off 30 people reported the news, investment 30,000,001 month On line 99 of China also announced the closure of …

These are just a layoff closing down the tide in a small part of, as I understand it, the Internet, many small and medium-sized enterprises are facing financial difficulties and the closure of the closure and retrenchment, the situation was still good businesses were forced to abandon expansion plans.

Can imagine that the financial crisis is the primary factor in job cuts, in particular, got wind of the Internet for business, their risk from foreign investors, most of the world economy is facing a cold winter, most of the investors in assets value, into the beginning of the follow-up To carefully manage the divestment or direct way, many investors have been asked to be directly invested enterprises reduce the size and number of enterprises. In addition to domestic or overseas orders for the export-oriented enterprises the main business of Internet companies also face the most direct blow.

In addition, the Internet is not a rational business, management, human is the increase in the cost of Internet companies lay off one of the reasons for compression. In the past year, subject to a number of domestic companies listed on the Internet encouraged by the news, has attracted an increasing number of speculators in the hope that the Internet Amoy a gold pattern on the Internet and the prospects for the industry did not wish to make clear the circumstances blind on the venture, Most believe that the Internet company to go to work the staff has been CEO of listed options and employee commitment, but more than 95% of these enterprises started to make money before burning the funds come to an end.

The number of Internet business entrepreneurs are in fact the business is only a beginner, even if the Internet is hard for many years in the field of people do not have any experience of formal learning and business management training, they fall far short of paranoia Groven The husband, “Only the Paranoid successful” level. Such companies are often in the early stage of expansion into the internal friction, not to mention the latter part of a virtuous cycle. Coupled with the increase in the cost of manpower, the financial crisis in catalysis, these Internet-based business enterprises to accelerate the demise.

Has been that domestic and foreign Internet environment, foreign giants are expanding from a strategic height to acquire start-ups to pre-empt the occupation of the global market, like del.icio.us, Flickr, Youtube with a creative and leading edge on foreign acquisition of the giant Most of the domestic miracle does not occur, domestic Moreover, the Internet has been a lack of creativity, most of them tend to follow the crowd and make a copy of a maximum row at home to a few months ago, has not succeeded in entering the foreign giants escaped. The domestic Internet companies to buy relatively more pragmatic, there is no accurate cash income is not expected that the outlook for business remains in the blind expansion of investment and imagination has been the acquisition would be very naive and vulnerable.

In June this year by the appreciation of the currency and financial crisis, the most direct impact on Alibaba foreseen in advance of their winter and begin to prepare to deal with, but the news did not rise to the attention of other Internet companies, today’s Internet business really feel the cold of winter Arrival, perhaps too late, we can only look to become more significant in the wave of layoffs hit the Internet in China. The only place I hope that in the winter to stay after the business is rational, pragmatic, vision and the bearing capacity of enterprises, these enterprises may lead the Chinese Internet to new heights.(Author: feng)

Tag:bokee.com, china, China Internet, flashget, Layoffs

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