Becoming Rich with Daily Scavenging APP-Chapter 498: Everyone Gets Laid Off!

Chen Yiyang acquired Bilibili at a very swift pace.

On one hand, it was to grab time, aiming to purchase Bilibili before parting ways with Jindong, to attract traffic for the flash sale.

On the other hand, Bilibili was exceptionally cooperative, with everyone including major shareholders and management eager to sell quickly.

Ultimately, Chen Yiyang spent over 27 billion, acquiring 51% of Bilibili’s shares and 54% of its controlling rights.

Plus the portion held on behalf of Yingkumi.

Chen Yiyang smoothly completed the acquisition of Bilibili.

On the day of officially taking over Bilibili, Chen Yiyang specifically had an accountant dress up as Bilibili’s mascot, 2233, and walked into Bilibili’s headquarters in Shanghai together.

Greeting Chen Yiyang were some non-shareholding senior management and most middle management of Bilibili.

Those in management with shares had already resigned after receiving the money, without waiting for Chen Yiyang to dismiss them.

Even though Chen Yiyang said he reached an agreement with Chen Rui, not to pursue past issues after signing the contract.

But that was merely a verbal promise from Chen Yiyang.

If they stayed in the company and somehow displeased Chen Yiyang, it wouldn’t end well.

Therefore, it was best to take the money and leave as soon as possible.

So the person welcoming Chen Yiyang this time, at the highest original Bilibili position, was the manager of the Gaming Cooperation Department, Zhang Zaiming.

After greeting these management members, Chen Yiyang walked into his own chairman’s office at Bilibili.

"Oh right, Xiao Zhang, stay behind." Chen Yiyang asked the others to leave first but specifically asked Zhang Zaiming to stay.

"President Chen, what are your instructions?" Although Zhang Zaiming was much older than Chen Yiyang, he didn’t furrow at being called Xiao Zhang by him.

"Here’s the thing." Chen Yiyang said to Zhang Zaiming, "Bilibili has lost many executives, but I have many businesses and can’t always focus here, so I need to appoint someone to manage the employees on my behalf."

"President Chen, you mean?" Zhang Zaiming did not expect Chen Yiyang to value him so much, and looked up at him full of expectation.

"You will temporarily be responsible for this role." Chen Yiyang nodded.

"Rest assured, I will work hard." Zhang Zaiming didn’t expect such a great opportunity to fall into his lap.

You should know, although he was a practical executive before, managing the Gaming Cooperation Department.

But among all departments at Bilibili, he was only considered a second-tier manager.

Now suddenly being promoted by Chen Yiyang, he was full of vigor, preparing to get the "acting" title removed from above his head soon.

Once Chen Yiyang is absent, he would be the boss of Bilibili.

"Oh right," Chen Yiyang continued, "I’ve just acquired Bilibili and am not too familiar with it.

So I need your help to handle this matter."

"Go ahead." Zhang Zaiming quickly said.

"It’s about layoffs. Bilibili’s current losses are a severe problem, and I plan to cut some departments and employees."

In fact, the number of employees at Bilibili has always been small.

Or rather, the number of employees under social insurance was small, even at its peak, it didn’t exceed a thousand, usually between six to seven hundred.

This was mainly because Bilibili outsourced work with high labor costs, like content review.

But even so, Chen Yiyang still felt that Bilibili’s number of employees was a bit excessive.

"Your decision is absolutely right." Without thinking, Zhang Zaiming began echoing Chen Yiyang. "I’ve always thought the internal labor costs were high, but reflecting this upwards didn’t help."

"That’s good." Chen Yiyang directly handed a document to Zhang Zaiming, "This is the layoff list and methods I’ve prepared. Go ahead and manage this, please."

"Okay." Zhang Zaiming reached out and took the document.

After chatting briefly with Zhang Zaiming, Chen Yiyang hurried back to his office to review documents.

Zhang Zaiming thought Chen Yiyang would at most lay off a few hundred employees and one or two departments.

But when he opened the documents Chen Yiyang gave him, he felt as if the sky had fallen.

Bilibili had eight major departments, including commercial operations, gaming, e-commerce, etc.

Zhang Zaiming originally thought Chen Yiyang would cut unprofitable departments like e-commerce.

He didn’t expect Chen Yiyang to leave only the technical department among the eight departments.

All other departments would be entirely laid off, from managers to ordinary employees, no one was spared!

Moreover, all outsourced companies collaborating with these departments had their contracts suspended!

Although the layoff conditions given by Chen Yiyang were according to the national standard.

However, after a quick calculation by Zhang Zaiming, the layoffs would cost Bilibili over a billion in cash, and after the layoffs, Bilibili would have less than a hundred people left.

These layoffs were almost entirely headless.

Zhang Zaiming wanted to return to Chen Yiyang’s office to ask if there was a mistake in the documents.

But remembering the promised high position from Chen Yiyang held him back.

Since President Chen didn’t mind the cost, let’s proceed with the layoffs.

Departments like the manga and film animation production teams had long annoyed him.

The news of Chen Yiyang taking over Bilibili hit the headlines across all major platforms that day.

In the news, Chen Yiyang dressed simply in a T-shirt, accompanied by the accountant dressed as 2233. 𝚏𝗿𝗲𝐞𝐰𝚎𝕓𝐧𝚘𝘃𝗲𝐥.𝐜𝚘𝕞

Onlookers might have thought it was a loyal Bilibili fan going to cosplay at the headquarters.

But a few days later, another headline news appeared.

’Bilibili announces major layoffs, cutting over 90% of its employees.’

A large number of Bilibili employees were bewildered, unable to understand the sudden layoffs.

Especially in a competitive city like Shanghai, Bilibili was still quite a significant company even in decline.

However, the layoffs were announced with no warning.

Even entire departments were affected.

This news didn’t ferment for a day.

Local officials in Shanghai sought a meeting with Chen Yiyang.

"President Chen, are you planning to move Bilibili to Lin’an?"

The official sent from Shanghai spoke pleasantly, the tone was amiable.

"That’s impossible," Chen Yiyang shook his head in denial, "Moving a company and layoffs are different, moving would cost too much, and Shanghai’s policies for Bilibili are good, I see no reason to move."

"That’s good," the Shanghai officials felt relieved at Chen Yiyang’s reply.

As long as the layoffs were legal and Bilibili stayed, everything else could be negotiated.