Bitmain's salary reform is suspected of age discrimination, and employees claim they will defend their rights
ChainCatcher news, since the first quarter of this year, Bitmain has begun to implement a structural salary reform for employees, and has introduced an "age factor" in performance evaluations, where the older the employee is above the benchmark age, the more points are deducted. Some employees believe this move violates labor laws and have stated they will take legal action to protect their rights.A Bitmain employee, Wang Wei, stated that in the latest salary adjustment plan, the original fixed salary has been changed to a base salary plus performance salary, with the performance salary linked to job levels. The performance salary ratios for job levels T3x, T4x, and T5x are 30%, 50%, and 70%, respectively. In performance evaluations, the final score is also linked to age; if the age exceeds the benchmark, points will be deducted from the performance score.According to an industry insider, Bitmain's revenue in 2022 may exceed 10 billion USD. Therefore, financial issues should not be the main reason for Bitmain's salary reform. (source link)