The crisis of layoffs in Youshi.com.

According to a former employee in YouShi.com who asked not to be named, YouShi.com, known as the China LinkedIn, has laid off nearly 60% of its employees in the past three months. Due to poor management, management turmoil and financing problems, the total number of employees has dropped from more than 60 to less than 20.

Since 20 10 went online, it has been excellent. Com has always boasted itself as the first business social networking site in China, a high-quality professional social networking site, and won $7 million through three rounds of financing. The main investors are not only its parent company Meta4 Group, but also angel investors Lou Yunli and GLG. In the past two years or so, you Shi, who seems to be doing well. In fact, com has also experienced various crises, such as stagnant user registration and mostly dead users, unsatisfactory evaluation by all parties, and even arrears of employees' wages and inability to pay suppliers' money.

According to former employees of Youshi.com, in 20 12 years, the company tried to obtain financing of100000 USD from a well-known Japanese talent service company. After several rounds of negotiations, the other party finally failed to give an investment intention, which led to the financial crisis of UTV and the company's operation turned red. In a short time, it lost all its money. Since July, it has been unable to pay employees' salaries, and layoffs began at the end of August. It was not until the beginning of September that Youshi.com got an investment of $2 million from Lou Yunli and GLG, former investors of Meidong. How long can such a small investment last in an era when talent prices are so high?

The employee also pointed out that the real cause of this crisis is the improper management of the company's management and ignorance of the market. As a co-founder, Zhang Yue, the former product manager of Yahoo China, who has left his post, works for CPO in Youshi.com, and is responsible for the product design and development in Youshi.com ... CPO's extremely inaccurate speculation on the market makes the developed products unable to gain user stickiness. In particular, groups and activity channels are completely inconsistent with the usage habits of domestic high-end netizens, and have not been really concerned and used by users for a long time.

Dominic Penaloza, a Canadian-Filipino CEO, initially worked in an investment bank, and also lacked management standards. He had too much power to release CPO Zhang Yue, failed to control personnel, and trusted Ding Xiang excessively. His judgment as CEO of the company has been wavering. The misuse of "short-lived" CMO· Wang Junjie aroused the dissatisfaction of the whole company, which made his position in the company precarious.

It is reported that the company has been having problems in using employees. Due to management negligence, an employee earns tens of thousands of dollars a month, but no one knows what he is responsible for. For a startup company, its management model is comparable to that of state-owned enterprises. Lengthy and fruitless meetings, opaque information transmission-it often happens that employees don't know what business the company is developing recently and what new products it is developing, which leads to the lack of cohesion among employees of the company. And HR is an industry miracle for the company's talent development and management. Quote the employee's original text, "HRD's style of doing things is to shoot and shoot, even if it is laid off." It can only be said that doing a background check in the new company, everyone is soft-hearted and doesn't want to be harmed by her. "

In addition, the employee also reported the extramarital affairs of the former technical manager and the former recruitment supervisor of Youshi. com。 Why has LinkedIn, which is booming abroad, been unaccustomed since it was copied and grown in China? In addition to the inaccurate analysis of China market, which is quite different from foreign markets, there are various secrets hidden behind it. Throughout the domestic professional social networking sites, except Skynet, which is still alive because of its strong financial backing, the rest are not enough. Is the LinkedIn model really unrepeatable? It seems that our answer is close at hand.