A Massive Wave of Layoffs Sweeps Through China’s Banks: Cut Salaries to $100/Month or Leave

This man shared how his friend’s salary was drastically reduced to just over 800 yuan, which reflects the widespread decline in pay within the banking industry. In recent years, many banks have implemented salary cuts to cope with economic pressures and declining profits. This not only affects employees’ quality of life but also highlights the shrinking revenue across the industry. However, salary reductions are often part of a broader strategy when banks decide to downsize their workforce. #chinaobserver All rights reserved. ⭐You can support us at: ⭐For business cooperation, please contact us: business@