SF-Express is now added to a list of tech companies, including Baidu and Alibaba, that have laid off staff or have tightened quotas for recruiting.
Some employees reveal that SF-Express company managers earlier started a fifth round of layoffs in the supply chain, business, warehouse distribution, and international business departments, the report said.
Chen Huan, the company’s Public Affairs department has denied reports about a large number of lay-offs. He said it is a normal that employees resign after failing work evaluation processes. He says it is a necessary process to discipline employees to keep up with the company’s quick development.
A tendency started in the latter half of 2015 for big Chinese tech companies to start shrinking their recruitment plans. In October, Baidu announced a hiring freeze and in September, Tecent and Alibaba announced they would cut campus recruitment.
Founded in Guangzhou in 1993, SF-Express services include market development, logistics and courier services. The company has also tapped overseas markets launching services in several foreign countries including the U.S., Singapore, South Korea, Japan and Australia.
To date, it has nearly 340,000 employees, 16,000 vehicles, 19 aircraft and 12,260 service centers in both mainland China and overseas.
The courier industry in China is the largest in the world. The State Post Bureau of China announced China’s package deliveries reached 20 billion parcels last Friday.