I was restrained.
The moment when an adult collapses is the moment when you feel powerless as if you have lost everything in an instant.
The moment the conversation started from the hostage, I somehow had a feeling of being restrained.
I was supposed to be mentally prepared, but the moment I entered the office and actually heard those words,
a heavy thing called confidence fell on my chest, and a cold sensation ran through my whole body.
My mind went blank.
Suddenly, I was worried about the rent for next month and other payments,
and I began to worry that my income would be cut off.
In the past, everyone was complaining about the hardship of overtime and work,
but now that I look back, I realize that what is really scary is that I will lose my job and lose my income.
The Chinese economy has fallen into a long-term downturn, and the wave of unemployment is spreading throughout the country.
Each industry is facing a survival competition that has never been seen before,
and while millions of graduates enter the job market every year,
the opportunities for work are very limited.
Now, the age of the security guard is getting younger and younger,
and even graduate students are working as delivery workers.
However, there are very few jobs to choose from,
and there is a lot of anxiety and pressure on people's lives.
In recent years, 3.1 million self-employed companies have closed down in China,
and 460,000 companies have closed down.
Many large companies are also facing financial difficulties,
and the number of graduates has already exceeded 23 million.
In addition, about 800 million people are facing financial problems.
South Korea's Seoul Economic Daily reported on September 3
that the competition in the Chinese market has deteriorated and the economy has weakened,
and Samsung Electronics is considering reorganization measures
due to the lack of transparency in its future business.
According to industry officials,
Samsung Electronics' Chinese employees recently told their employees about the decision to close down,
and they began self-employment.
In this closure plan,
about 8% of the local sales staff,
about 130 people, will be the target.
If there are not enough people to self-employ,
the company will decide who will be the target of restaurants
Samsung has also begun to disband in China.
Samsung also started restaurants in China.
This year is a small scale,
but there is a possibility that it will be reduced by 30% next year.
This is not a good sign.
When Samsung had the largest number of employees in China,
there were more than 60,000 people, but now it has cut 20,000 people.
Is it because of the poor sales?
Sales in China in the first half of this year
are doubled by the growth of the semiconductor business,
so it is hard to imagine.
Is it because the smartphone business is not doing well?
It doesn't seem to be.
Samsung's world shipping volume is always at the top.
So, is this a sign of withdrawing from China?
Samsung won't run away, will it?
The other day, IBM China announced
that it would close down its research and development department in China.
It is expected that more than 1,000 employees will be affected by this.
IBM Nugget
IBM provides N plus 3 insurance.
Last Friday, 1,000 managers were notified of the restructuring,
but general employees were notified on Monday morning.
In China's research and development center,
more than 1,000 people, including 1,000 and 2,000 managers, will be subject to restructuring.
The consulting and after-service teams are not affected,
and the research and development department is the target.
In recent years, IBM has been under great pressure to manage in China.
There are areas where there are no projects,
and restructuring has been done before.
In fact, the transfer of the research and development department
has already started three or four years ago.
In recent years, IBM has been facing management difficulties in the Chinese market.
In 2023, the global total revenue increased by 2%,
but the revenue in China decreased by about 20%.
Experts say that the withdrawal of IBM is just part of the trend
to separate the US economy.
As the US-China technology war continues,
there is a possibility that U.S. mass production will become even more severe,
and for foreign companies, the management environment in China will become even more severe.
In addition, the wave of restructuring is spreading in the major e-commerce industries.
According to a report by Alibaba in May,
the company has reduced the number of employees by more than 14,000.
Jindong announced 12,000 restructuring on May 21,
and Taobao plans to have another 20,000 restructuring.
Recently, there was another news.
Many people may already know,
but it is said that Taobao will have more than 20,000 restructuring.
Even this year alone,
78 major companies are already carrying out large-scale restructuring.
One person said,
Taobao's restructuring is almost the same as restructuring Pinduoduo for one company.
The number of employees of Pinduoduo has just exceeded 10,000,
so Taobao will reduce the number by more than double.
In addition, the Lenovo Group also announced that
it would restructure 7,500 people in a decision report in May.
In addition, in Ryoto,
the number of employees was reduced by about 5,600,
and in the Butsuzan Factory in Iki Taishu,
about 17% of the restructuring was carried out,
and in the late Honda Kisha, 1,700 people were reduced.
And in the Bukan Steel Group, a large state-owned company,
about 290,000 restructuring was carried out.
In addition, the number of restructuring in Shanghai is also expanding.
In SAP, a foreign company based in Shanghai,
1,700 people were restructured,
and restructuring continues in Tesla.
This is a 36-year-old married man living in Shanghai.
He was just recently restructured from Tesla.
It's not because the people who were restructured by a large company are not good.
This is not a matter of excellence.
For example, if a business is not doing well,
or a business is completely gone,
or if a company quits investing in a business that has no profit for a long time
the whole department will be completely gone.
According to an analysis,
the situation in China's economy in 2024 is severe.
Unemployment, restructuring, and corporate bankruptcy are on the rise,
and society as a whole is facing great changes.
At the beginning of the year, the Chinese Ministry of Finance called on the people to prepare for a difficult time,
and emphasized the current economic difficulties many times in internal meetings in the first half of the year.
In order to overcome this difficult time,
a measure that ordinary Chinese people can think of is to increase income,
reduce expenses,
make long-term plans for individuals and families,
and not fall into the financial crisis of the family.