Alibaba Chairman Jack Ma said that his company can no longer meet its promise to create 1 million jobs in the U.S. because of President Trump’s trade war with China.
Continue Reading Below
On Sunday, billionaire and co-founder of Alibaba Jack Ma defended his stance on China’s controversial work culture dubbed ‘996,’ which refers to working from 9am to 9pm six days a week.
“I personally think that 996 is a huge blessing,” Ma wrote in a blog post Sunday on Chinese social media site Weibo. “How do you achieve the success you want without paying extra effort and time?”
Ma, who recently stepped down as chairman at Alibaba and is worth an estimated $39 billion, according to Forbes, added that working those long hours is easy when you find something that you like and he has never regretted working 12 hour days when building his behemoth company.
“If you don’t like [your work], every minute is torture,” he added.
He also noted that any prospective employees looking to work at Alibaba, one of the world’s biggest tech companies, should be prepared to work long hours if they want to succeed.
“Or why bother joining? We don’t lack those who work eight hours comfortably,” Ma wrote.
Other China’s tech entrepreneurs agree with the policy too. Richard Liu, founder of Alibaba rival JD.com, reportedly laid off ‘slackers’ in his company who were not putting in the hours.
In a statement to Reuters, JD.com said it “is a competitive workplace that rewards initiative and hard work, which is consistent with our entrepreneurial roots.”
“We’re getting back to those roots as we seek, develop and reward staff who share the same hunger and values,” JD.com said.
Still, many Chinese users criticized the policy on social media, citing that a 996 schedule would interfere with their home life.
However, billionaire Richard Branson disagrees with long work weeks.
In a blog post last December, the Virgin Group founder wrote that while he believes the idea of working 9 to 5, five days a week, with the weekends off will be a thing of the past due to the rise of technology, he believes it’s good news for workers.
“As Google’s Larry Page and others have said, the amount of jobs available for people is going to decrease as technology progresses,” Branson wrote, citing innovations such as driverless cars, advanced drones and even pilotless planes as examples.
“On the face of it, this sounds like bad news for people. However, if governments and businesses are clever, the advance of technology could actually be really positive for people all over the world,” he added.
- Jordan Peele interview: 'All my work is pointed at this idea of humanity’s dark side'
- Working Another Job and My Retirement
- Why So Many Young Doctors Work Such Awful Hours
- Federal judge blocks Medicaid work rules in setback for Trump
- Boy Called ‘Little Hitler’ For Raising Money For Wall With Hot Chocolate Stand
- Jack Osbourne is divorced from wife after six years together
- I Think About This a Lot: Horny Week Edition
- Bella Hadid shows off Paris Fashion Week looks for 'family xmas card'
- Lebanon woman charged for stealing cash, credit card while working at Boscov's
- Why I, A Magna Cum Laude College Graduate, Choose To Work As A Stripper
- Rhoden family massacre: Fredericka Wagner argues for access to church, workplace
- Working the Story: Who goes to a Trump rally? We drove to Indiana to find out.