BEIJING, December 15 (TMTPost) — JD.com, Inc., dismissed recent news about layoff as China’s leading e-commerce company faces increasing competiton amid macroeconimic uncertainties. JD was reported to conduct personnel adjustment involving logistics, technology, retail and other businesses. While affect employees are given a severance package of N+1, namely, the severance pay amounted to one month’ pay per year of service plus two months’ monthly wage, they will not receive end-of-year bonuses. The report cited a JD employee that the proportion of job cuts varies across departments, and the adjustment could last beyond upcoming Chinese New Year, a seven-day holiday from February 1- to 17, 2024. JD insiders later responed to the report, according to multiple Chinese news media outlets including…
