Beisen Cloud Computing was revealed to have broken contracts with hundreds of fresh graduates and only compensated 3,000 yuan. Beisen Cloud Computing was revealed to have broken contracts with hundreds of fresh graduates and only compensated 3,000 yuan. In the past week, more and more fresh graduates claimed to have been laid off. In a

In the rights protection group composed of Beisen School recruits, these young people complained every day.

Beisen Cloud Computing was exposed to have canceled contracts with hundreds of fresh graduates and only compensated 3,000 yuan.

Beisen Cloud Computing was exposed to have broken contracts with hundreds of fresh graduates and only compensated 3,000 yuan1. Recently, incidents of broken school enrollments have been exposed, triggering heated discussions on the Internet.

After Li Auto, Xpeng Motors, and Hello Bicycle were exposed to breach of contract school enrollment, Beisen Cloud Computing, known as the number one HR SaaS stock, was also exposed to large-scale breach of contract school enrollment.

According to news on May 26, a large number of netizens have recently reported on the social platform Maimai that as a 22nd fresh graduate, their contract was broken and they only received 3,000 yuan in liquidated damages.

In addition, screenshots of chat records show that in the school recruitment group, all members of the 22nd and 23rd classes were banned.

According to netizens, almost 1/3 of Beisen’s fresh graduates have been terminated.

On the working day before he was laid off, the boss went up to the meeting and vowed that with so many employees in the company, every employee has a family behind him, and layoffs are always the last resort in the face of a crisis. As a result, he immediately received calls from fresh graduates.

There was a layoff notification call, and what’s even more funny is that in order to prevent a storm, all members of the 22nd and 23rd school recruitment groups were banned.

A fresh graduate from Guizhou University said that he received an offer from Beisen for a Chengdu R&D back-end position in October 2021. He was attracted by the company’s decent monthly salary and the company’s claimed 965 no-overtime culture, so he rejected several iava developers.

For the offer, I chose Beisen.

As a result, HR called me on May 23 and said that the company was in poor financial situation and decided to breach the contract with me.

Later I learned that there are not a few fresh graduates from the 22nd class who were betrayed by Beisen, and the number is increasing to this day. Breaking the contract with three parties at the end of May is equal to ruining one's future.

The student also revealed that this is not the first time Beisen has broken a contract. In 2020, he had heard that Beisen had a history of ruining three parties who were graduating students on a large scale. Unexpectedly, it would happen again just a year or two later.

Information shows that Beisen is an HR SaaS company founded in 2002 and listed on the New OTC Market in 2016.

But just two years later, it chose to delist.

After delisting, Beisen announced in October 2018 that it had completed a US$100 million Series E financing.

Subsequently, Beisen planned to launch another attack on the Hong Kong Stock Exchange.

On January 10, 2022, Beisen officially submitted a prospectus to the Hong Kong Stock Exchange and planned to be listed on the main board. Morgan Stanley and CICC served as joint sponsors.

After listing, Beisen was also known as the first local HR SaaS stock.

It is understood that Beisen has a strong lineup of investors. The largest institutional investor is Matrix Partners, which owns more than 20% of the shares. In addition, there are Sequoia China, CICC, Shenzhen Venture Capital, Goldman Sachs, Fidelity International, SoftBank Vision Fund,

Many well-known investment institutions including Primavera Capital.

Before going public, Beisen announced in July last year that it had completed a US$260 million Series F financing, jointly invested by SoftBank Vision Fund Phase II, Goldman Sachs, Primavera Capital, and Fidelity International.

Although Beisen seems to be favored by investors, judging from the financial report data, Beisen's losses have never stopped.

The prospectus shows that as of the fiscal years ending March 31, 2019, 2020, and 2021, Beisen’s revenue was 382 million yuan, 459 million yuan, and 556 million yuan respectively; its net losses were 690 million yuan, 1.27 billion yuan, and 1.27 billion yuan, respectively.

940 million yuan.

In addition, within the six months from April 1, 2021 to September 30, 2021, Beisen's losses further expanded, reaching 820 million yuan.

Beisen Cloud Computing was exposed to have broken contracts with hundreds of fresh graduates and only compensated NT$3,0002. At the beginning of this year, Beisen Cloud Computing Co., Ltd. (abbreviation: Beisen), which sprinted to become the first HR SaaS stock on the Hong Kong Stock Exchange, is facing a new round of public opinion crisis - in

In the past week, more and more fresh graduates claimed to have been laid off one after another. In a rights protection group composed of Beisen School admissions students, these young people complained every day.

It is reported that the details of the layoffs mainly include: 1. The number of fresh graduates whose contracts have been canceled has reached 100, and the proportion of fresh graduates in 2022 whose contracts have been canceled is close to 30%, mainly fresh graduates, and the academic qualifications of the laid off personnel include a master's degree.

2. In terms of compensation for breach of contract, undergraduate students will be compensated 3,000 yuan for breach of contract, and master students will be compensated 6,000 yuan. Currently, some personnel have received payments from Beisen.

However, due to being terminated and losing their aura as fresh graduates, many people face considerable challenges in finding a job.

3. Beisen is still continuing to recruit fresh graduates from the class of 2023. This behavior was considered by those who broke the contract as "free prostitution" of the fresh graduate workforce and a manifestation of the company's irresponsibility.