After WM Motor founder Freeman Shen's annual salary of 1.2 billion yuan ($164 million) aroused heated discussion, the Chinese second-tier electric vehicle maker is now reportedly carrying out large-scale salary reductions, including a 50% cut in executive pay.
An appointment letter of a senior engineer from Xiaomi Auto shows that this senior engineer has an annual salary of 600,000 yuan. In addition, the engineer obtained a share option valued at 1 million yuan.
OPPO's Intranet "Hio" published an internal letter about salary reform on Monday, saying that OPPO will change the salary mechanism that has been used for several years.
Earlier in December, the Chinese Football Association announced several major changes to the regulatory policies of the top-level professional leagues, including a significant salary cap for incoming recruits.