Alibaba employees: This month’s income is 489,325 yuan, and they celebrate the New Year happily
Recently, an Alibaba employee revealed on social media that his monthly income was as high as 489,000, which is really shocking.
After being shocked, everyone was curious about how such a high income came from. Looking at the pay stub carefully, it turned out to be severance compensation. Netizens shouted: Damn it! Wow! The severance package is so high. Almost 500,000!
The employee has worked for Alibaba for at least ten years and has ten years of experience. His monthly salary is about 40,000. But now he is facing resignation. This incident attracted widespread attention and discussion.
Some people are envious of the amount of severance compensation this employee posted, but others point out that if consumption levels increase, the money may not be enough. This also reflects the current downward trend in the stock prices of China's Internet giants. Large companies are basically unable to get out, while small and medium-sized Internet companies are in an even more difficult situation. Even a friend, who was once the technical director of Tencent, was fired because the business was not profitable. He is facing anxiety and difficulties.
However, some employees remained calm about such changes. For example, another Alibaba P8 employee has already found a new way out. Although his monthly income is low, he is still confident. He believes that the end of an era will always be accompanied by victims, and people should accept uncertainty and think about backup plans.
As a giant in China's Internet industry, Alibaba's severance compensation is as high as 490,000. According to company regulations, employees will receive one month's salary plus one month's salary for every year of work experience. This also demonstrates Alibaba’s long-standing generosity in welfare benefits. High salaries, bonuses, equity incentives and holiday benefits have made Alibaba a benchmark in the industry.
However, Alibaba's development has not been smooth in recent years, with serious layoffs. In order to focus on its main business, Alibaba has cut off unprofitable businesses. For example, the merger of Sun Art Retail in October 2020 caused the number of employees to surge to 252,100, but there has been an obvious trend of employee reduction since then. By the end of September 2023, Alibaba's number of employees has shrunk to 225,000, and layoffs have become commonplace for the company and employees.
In today's society, people can make a decent living by opening Didi and delivering food. The problem is that many people cannot accept the fact that they cannot sustain a high income. Therefore, the Alibaba employee severance compensation incident has triggered widespread thinking. Job seekers should be aware that industry competition is fierce and the market environment is unpredictable. Although Alibaba's severance package is enviable, backup plans are the most important.
All in all, Alibaba employees’ exposure of their severance packages has attracted people’s attention to the layoffs. Both Alibaba and other Internet companies are facing market changes and pressures from layoffs. In this era, we need to accept uncertainty and think about backup plans to ensure that we can meet the challenges ahead.
Alibaba career development system
Alibaba’s career development system :
One system is the expert route [P sequence = technical position]. Programmers, engineers, and talents in a certain professional field are divided into 14 levels in total, from P1 to P14. The current school recruitment starts at the lowest level from P4.
The M route is the manager route [M sequence = management post], from M1 to M10.
Generally speaking, fresh graduates who first join Alibaba are P5, and after working for 1-3 years, they are promoted to P6. Alibaba usually allocates stocks to P7.
At present, the rank range with the greatest demand in Alibaba is distributed between P6-P8, which is also the level with the largest proportion in Alibaba Group. The title of P6 level programmer is senior engineer, P7 is already expert level, and P8 is senior expert. Generally speaking, Alibaba programmers who are well-known in the world are at least P8 level. The existence of the P10 level is the legendary master level. All programmers at this level are well-known in the industry.
Job salary :
Alibaba salary structure: generally 12+1+3=16 salary.
The bonus at the end of the year is 0-6 months salary, and 90% of people can get 3 months.
You can only get stocks after working for 2 years. You can get 50% for the first time, and you can get them all after 4 years.
Starting from P7, there are stocks. You can only start to get stocks after working for 2 years. 50% after 2 years, 25% in the 3rd year, 25% in the 4th year, and finish after 4 years. It is said that P7’s current offer is 400 shares. Based on Ali’s 16 salary, the total annual salary is about 700,000-1 million yuan.
