Chinese tech giants are in the hunt for young, energetic staff to take the place...
HONG KONG/BEIJING - Chinese tech giants are in the hunt for young, energetic staff to take the place, in some cases, of veteran managers.
Chinese tech companies are known to prefer young workers, in part because of demands such as the so-called “996” schedule that asks employees to work 9 a.m. to 9 p.m., six days a week.“Let some older members of management retire from their positions,” Tencent Holdings President Martin Lau said. “Their jobs will be taken up by younger people, new colleagues who may be more passionate.”
“The environment and external pressures are pushing these companies to reform, if the leadership is too old, it’s easy for them to fall behind,” said Li Chengdong, a Beijing-based tech analyst who used to work at Tencent and e-commerce giant JD.com Inc. “For senior managers which have worked hard for the company and accompanied its growth, if they want to choose a new life because of personal or family reasons, we will take care of them under the executive retirement plan,” Li wrote.
A Xiaomi spokesman said the company was not cutting the senior management team but that it needed to promote “younger talents” to support its rapid expansion. A JD.com spokeswoman said it did not discriminate and that any high-performing employee is eligible for promotion.A 29-year-old female programmer for one of China’s top short video platforms said ageism was of greater concern to women.
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