Re-establishing real estate prices in a first-tier city was not enough!
In order to save money and improve corporate profits, Xing Hai Technologies had done something even more daring—a major reform of wages and benefits.
Employees who worked in the Technology City No. 1 received some wages but their welfare package was changed dramatically. Any employee who moved to the Technology City with their entire family would have their wages cut by at least 90%. They would only receive up to 10% of their previous salary. For those employees who were in the "half-migration" state, wages were reduced by at least 50%, and disposable income was halved. Only employees whose work was not location dependent did not experience any changes to their income. There were no adjustments made.
"The income is cut by 90%, and 50%. If it were me, I'd resign immediately and change jobs."