Billionaire Jack Ma (馬雲) again encouraged tech workers to embrace the industry’s extreme-overtime culture, defying a growing social media backlash.
The Alibaba Group Holding Ltd (阿里巴巴) cofounder once more endorsed the sector’s infamous 12-hours-a-day, six-days-a-week routine as de rigueur for passionate young workers.
In a lengthy blog post on Sunday, China’s richest man expanded on comments from last week, in which he dismissed people who expect a typical eight-hour office lifestyle.
“As I expected, my comments internally a few days ago about the 996 schedule caused a debate and non-stop criticism,” Ma wrote. “I understand these people, and I could have said something that was ‘correct.’ But we don’t lack people saying ‘correct’ things in the world today, what we lack is truthful words that make people think.”
Ma’s earlier comments stoked a fierce ongoing debate over tales of programmers and founders dying from unrelenting stress.
Chinese tech workers last month protested labor conditions on the online code-sharing community GitHub under the banner 996.ICU, which quickly became the site’s most popular topic.
Beyond Ma, several of China’s most prominent industry figures have also weighed in on the controversy.
Richard Liu (劉強東), chief executive of Alibaba arch-foe JD.com Inc (京東), said in a post on his WeChat (微信) moments that, while he would never force staff to work a 996 schedule, people who slacked off were not considered his “brothers.”
On Sunday, Ma said forcing employees to work grueling hours was “inhumane” — but that some wanted to do so.
“Those who can stick to a 996 schedule are those who have found their passion beyond monetary gains,” he wrote.
NOT JUSTIFIED: The bank’s governor said there would only be a rate cut if inflation falls below 1.5% and economic conditions deteriorate, which have not been detected The central bank yesterday kept its key interest rates unchanged for a fifth consecutive quarter, aligning with market expectations, while slightly lowering its inflation outlook amid signs of cooling price pressures. The move came after the US Federal Reserve held rates steady overnight, despite pressure from US President Donald Trump to cut borrowing costs. Central bank board members unanimously voted to maintain the discount rate at 2 percent, the secured loan rate at 2.375 percent and the overnight lending rate at 4.25 percent. “We consider the policy decision appropriate, although it suggests tightening leaning after factoring in slackening inflation and stable GDP growth,”
DIVIDED VIEWS: Although the Fed agreed on holding rates steady, some officials see no rate cuts for this year, while 10 policymakers foresee two or more cuts There are a lot of unknowns about the outlook for the economy and interest rates, but US Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Fed policymakers voted unanimously to hold interest rates steady at a range of 4.25 percent to 4.50 percent for a fourth straight meeting on Wednesday, as they await clarity on whether tariffs would leave a one-time or more lasting mark on inflation. Powell said it is still unclear how much of the bill would fall on the shoulders of consumers, but he expects to learn more about tariffs
Greek tourism student Katerina quit within a month of starting work at a five-star hotel in Halkidiki, one of the country’s top destinations, because she said conditions were so dire. Beyond the bad pay, the 22-year-old said that her working and living conditions were “miserable and unacceptable.” Millions holiday in Greece every year, but its vital tourism industry is finding it harder and harder to recruit Greeks to look after them. “I was asked to work in any department of the hotel where there was a need, from service to cleaning,” said Katerina, a tourism and marketing student, who would
i Gasoline and diesel prices at fuel stations are this week to rise NT$0.1 per liter, as tensions in the Middle East pushed crude oil prices higher last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week rose for the third consecutive week due to an escalating conflict between Israel and Iran, as the market is concerned that the situation in the Middle East might affect crude oil supply, CPC and Formosa said in separate statements. Front-month Brent crude oil futures — the international oil benchmark — rose 3.75 percent to settle at US$77.01