Where did the Internet giant's year-end bonus go?

The year-end bonus of the Internet giant has shrunk dramatically: due to the epidemic, the company has problems in operation, the capital turnover is ineffective, the overall cost is reduced, and the job competition is fierce.

According to the statistics of related salary in the Internet industry, the year-end bonus of Internet employees is about 30%, which is reduced by more than 20%. The new labor laws and regulations require employees to minimize overtime at work and obtain the company's consent before overtime.

It has basically become the norm for people who do the Internet to work overtime. For example, many Internet companies, such as Alibaba and JD.COM, work overtime until 10 every night, so their monthly salary is higher and their year-end awards are more. After the new labor regulations appear, all employees who want to work overtime need to be audited by the company.

Some internet companies don't have many perfect procedures in the audit mechanism, which leads to some people being hindered when they work overtime, while others can work overtime smoothly. In the long run, the year-end bonus for those who work less overtime will decrease, while the year-end bonus for those who work more overtime will remain basically the same.

The economic development benefit of Internet companies is not high.

The epidemic situation has led to low economic development efficiency of Internet companies. For example, in the annual shopping carnival, the sales of many e-commerce platforms are not as good as one year, and the sales in 2022 are only several hundred billion yuan, which is far less than the number of transactions in the shopping carnival before the epidemic. Secondly, many Internet companies bear huge economic costs under the epidemic and have to lay off employees or pay less year-end bonuses to stabilize the company's economic development.

Therefore, the year-end bonus of some staff who hold ordinary positions in Internet companies has become one of the targets that Internet companies want to cut. Some people's year-end bonus will be reduced by about 20%, and some people's year-end bonus may be reduced by about 30%~40%. There are other reasons, such as the adjustment of internal structure of Internet companies and the reduction of trade relations between Internet companies and other companies, which will affect the monthly salary and year-end bonus of employees in the Internet industry.