JD.com to cut senior executives salaries by 10-20%

The e-commerce giant made the announcement in an internal letter, that was circulated online and reported by local media. A JD representative confirmed to Reuters that the letter was authentic.

Reuters

November 22, 2022 / 11:02 IST

JD.com Inc (Image Source: Reuters)

China's JD.com said on Tuesday it would cut the salaries of its senior managers by 10-20% next year to help pay for an effort to convert more contractors to salaried staff and provide such workers with more insurance protection.

The e-commerce giant made the announcement in an internal letter, that was circulated online and reported by local media. A JD representative confirmed to Reuters that the letter was authentic.

Reuters

first published: Nov 22, 2022 11:02 am

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