NetEase Media was exposed to large-scale layoffs: the game department became the hardest hit area, NetEase was affected

According to news from this site on January 19, according to Jiemian News "Power Plant" reported today, NetEase has carried out layoffs in multiple businesses since December. The hardest hit area is NetEase Media , the game department is also involved.

NetEase Media's large-scale layoffs mainly started in January, involving NetEase News, NetEase Cultural Creativity, NetEase Open Class and other product lines, including content, marketing, sales, products, etc. Multiple positions. The report mentioned that the proportion of layoffs in various businesses and departments is not consistent, insiders said "between 10%-50%".

Multiple people familiar with the matter revealed that NetEase Media has given an “N 1” compensation package, and laid-off employees will also receive year-end bonuses and 13% salary. A resigned employee revealed that the layoffs began in December, and the layoffs involved not only ordinary employees at the executive level, but also management staff, but there was a time sequence.

NetEase’s other businesses also began laying off employees at the beginning of the year. Among them, the layoffs in the

game business are mainly targeted at product, operation, marketing and other positions, and the compensation plan is "N 3" . In addition, some project teams have provided employees with two options: layoffs and job transfers, but the latter are mostly for out-of-town positions and there is not much space.

According to previous reports on this site, NetEase released its 2023 Q3 financial report data in November last year, which showed that the company’s net income for the quarter was 27.3 billion yuan, in line with market expectations, and 24.4 billion yuan in the same period last year. NetEase disclosed in its financial report that Yang Zhaoxuan,

’s chief financial officer, has submitted his resignation to the board of directors due to personal reasons and will no longer hold this position from November 30, 2023 to explore other career development.

The above is the detailed content of NetEase Media was exposed to large-scale layoffs: the game department became the hardest hit area, NetEase was affected. For more information, please follow other related articles on the PHP Chinese website!