188bet login Group, which Wang Jianlin had high hopes for，Now we are facing a difficult situation to survive。

December 28，An insider told The Paper，188bet login Group (hereinafter referred to as "188bet login") began large-scale layoffs on that day，It is said that the number of employees will be reduced from the current 6,000 to 300，That is, only functional departments will be retained，This means that network personnel will be reduced by 95% from the peak。

Verbal notification to employees to sign and resign，If you don’t sign, the contract 188bet login couriered to your home

"Arrived at the company early this morning，The superiors notified them of layoffs，Leadership and HR people in the room，Call the employees over one by one to talk，And told us we would have to leave regardless of whether we signed the agreement，It’s useless if you don’t sign the agreement，The company will unilaterally terminate the contract。If you don’t sign，The contract will be couriered to your home address。More than 1,000 employees have been notified。”The above-mentioned insider told The Paper，“Not only the 188bet login’s projects have been stopped now，And also defaulted on payments to suppliers。”

The contents of this "Notice of Termination of Labor Contract" obtained by The Paper，The company and employees will terminate the labor contract starting from January 1, 2018，Also，188bet login Internet Technology pays 1 month’s salary to resigned employees as payment in lieu of notice，Pay 2 months salary as compensation，188bet login Internet Technology pays social insurance for employees until December 2017。

But regarding the payment of social security，The name of a former employee of 188bet login，An employee who resigned in June said，Wanda Internet Technology previously promised to pay social security to next month (i.e. July)，But not enough was actually paid。

At the same time，188bet login requires employees to submit personal resignation applications。Content display，“Due to personal reasons，I request to terminate the "Labor Contract" signed with the company on X, month, X, from January 1, 2018，Termination of labor relationship with the company，And terminate all labor benefits...with immediate effect，My behavior has nothing to do with the company，Will not make any remarks that are unfavorable to the company。”

Notice of termination of labor contract

Resignation application

Labor contract termination certificate

Protocol

“It doesn’t matter whether they sign it or not，And there is no official notice or email notification from the company，It’s just HR talking to you one by one with the agreement，Tell me in person that it’s just an individual case。" the person familiar with the matter said，“Even the leaders were notified，Let the laid off leaders talk to ordinary employees，188bet login’s entire business will be cut off。Many people at that time were deceived by the 16 salary (annual income = 16 monthly salary)。”

The Paper News learned，188bet login who have not yet signed the agreement have "N+1+4" demands。The insider explained what N+1+4 means，N+1 is layoff compensation，4 is the year-end bonus，That is to say, 16 salary a year。However, they are now required to leave before December 30th，In other words, 188bet login cannot get the 4 salary of year-end bonus at all。

In the list of people who have signed the "resignation document" seen by The Paper，Except for employees who have worked at 188bet login for more than one year，Even in April this year、The new employees who came in May are also among them，Some employees have signed the document and are marked as: leaving on December 28, 2017，Only on the job for about half a year。

It was previously reported that，188bet login will lay off 70% of its employees，The standard for layoffs is that employees who are still in the probation period will not be regularized without reason，Leave directly；Having audit issues，For example, someone who cheated on orders during Double Eleven in 2016 and left；Those who passed the year-end assessment below B will leave。

“The assessment standards are changed again and again，I got a B or above in the mid-year assessment but I still have to leave。” said the aforementioned person familiar with the matter，188bet login takes measures to change employee evaluation standards，If it turns out to be ABC grade，C or above passed。But the same score will be changed to A+、AB+，The original A becomes B+。

In fact, news of 188bet login’s layoffs has been revealed before.

December 21，188bet login’s public cloud service sector was exposed to the news that some business departments were disbanded。Source:，Wanda Cloud Company Sales Department、Marketing Department、The Solution Department and other departments were disbanded，The reason for the dissolution was that the cooperation negotiations between the company and IBM were not going smoothly。And only 4 months ago，Wanda also announced the timetable for invitation trials of cloud services at the end of this year。

The Paper News learned，The news of personnel adjustment can basically be confirmed，But it is not clear whether the adjustment involves all employees in the public cloud sector。A 188bet login insider said at the time，This project (with IBM) is still on track，Next step，188bet login will continue to promote the implementation of IBM public cloud technology in China。About this adjustment，Both parties are promoting cooperation，Based on actual situation，In role positioning、Corresponding adjustments to promotion rhythm and responsibilities and obligations。

Wang Jianlin once announced that 188bet login will be fully listed in 2020

Wanda Internet Technology Group is the result of Wanda Group’s fourth transformation。188bet login has four main business segments: including digital commerce、Smart Life、Fintech and public cloud services。

On October 26th，Feifan APP, a subsidiary of 188bet login, has also undergone functional upgrades。At that time，188bet login Name，Feifan APP releases a new product version with "shopping" as its core positioning，Guide users to return to the real life and social experience of offline "browsing" from simply "buying, buying, buying" online。

October 2016，Wanda Group will spin off 188bet login Group from Wanda Financial Group，After the spin-off，Insurance under the former Wanda Financial Group、The investment business belongs to New Wanda Financial Group，Its subsidiary Feifan Information Company、Quick Money Payment Company、Credit reporting company、Network Data Center、Haiding Company、The Internet Credit Company belongs to 188bet login Group。

Qu Dejun, the former president of Wanda Financial Group, serves as the president of 188bet login Group。The chairman and president of Wanda Financial Group is Dong Jianyue, the former chairman of China Guangfa Bank。

Follow the introduction on the official website of 188bet login Group，The vision of 188bet login Group is to combine industry with the Internet，Build into a large-scale open platform company，With big data、Cloud computing、Artificial Intelligence、Scenario application and other technologies realize digital upgrade for real industries，Provide consumers with life circle consumption services。

Also，Wang Jianlin even formed a luxurious executive team for 188bet login。

February this year，188bet login’s senior management team has basically been formed，Zhao Ruian, who once served as vice president of the Bank of Beijing, is appointed as vice president of 188bet login；Liu Yun, who once served as global vice president at Google, is appointed as vice president and chief operating officer (COO) of 188bet login Group；Yang Xiaosong, who was the vice president of Microsoft Internet Engineering Academy, is appointed as the vice president and chief technology officer (CTO) of 188bet login Group；Xu Hui, who once served as vice president of Microsoft Greater China, is appointed vice president of 188bet login Group；Wang Jitao, who once served as the deputy general manager of VISA China, is appointed as the assistant to the senior president of the Network Group；Liang Jiasheng, who was the chief financial officer of PayPal China, is appointed as the senior president assistant of the Internet Group。

An insider previously told The Paper，Wang Jianlin has relatively high expectations for the NetTech Group。But 188bet login’s business model is not clear，Except for the financial technology sector which is profitable，The rest of the business has never been clear。

In fact, there are issues with Wanda Network’s business model，Wang Jianlin also mentioned it at Wanda Group’s 2017 group meeting。Wang Jianlin said at the time，Currently except for Internet and financial companies (i.e. 188bet login)，Other companies’ business segments are basically taking shape，The business model can also be seen clearly。It’s worth noting，Wang Jianlin emphasized at the time，2017 will be a critical year for 188bet login。

Data display，2016，Network Group Income 41.900 million yuan，103% of plan completed；Financial Group Income 213.500 million yuan，Complete the plan 127.7%。Wang Jianlin said in his speech at the 2016 188bet login Group annual meeting，Network Group’s revenue will reach 6.5 billion yuan in 2017，Financial group revenue reaches 26.5 billion yuan。

Wang Jianlin’s expectations for 188bet login are not limited to simple income requirements。

At Wanda Group’s 2016 annual meeting，Wang Jianlin said，The group approved 188bet login’s development plan from 2017 to 2019，Also approved the five-year funding plan。Follow this plan，188bet login will strive to achieve overall profitability in 2018，Profit exceeds 10 billion in 2020，Achieve the overall listing of 188bet login。

Indeed, Wang Jianlin is looking for funds for 188bet login.

Wang Jianlin once said，188bet login Internet Technology plans to raise 10 billion yuan，The demonstration project and valuation report will be completed in the first half of 2017，Private placement started in the third quarter。Wang Jianlin said，“Find good investment banks and investors，Not exactly looking for Moments，Can’t completely find financial investors。”

The vision is beautiful, but the reality is cruel.

September，The Paper learned from people familiar with the matter，188bet login Group postpones the US.5 billion financing plan originally planned for this year，The time is postponed to at least early 2018。

*188bet loginSource: PengPai 188bet login, author: Li Xiaoqing, original title: "Exclusive｜188bet login employees under Wang Jianlin were collectively laid off，Over a thousand people have been notified》.