An ex-Bytedance employee says life is freer since she left the 996 culture. Greg Baker/Getty Images
Chinese tech employees are raising their voices against the prevailing work culture at Tiktok parent “Bytedance”.
A former employee told the South China Morning Post (SCMP) that she once fainted after weeks of work.
Such grueling working conditions are known as China’s “996” culture.
This is a machine translation of an article from our US colleagues at Business Insider. It was automatically translated and checked by a real editor.
Chinese tech workers don’t want to put up with the demanding work hours in their industry. Zoe Du, a former employee of Bytedance, a Chinese internet technology company, told the “South China Morning Post” (SCMP) that she is leaving the Tiktok owner in 2020 after ten years.
She told the paper that during her time there she worked six days a week and often until 11 p.m. Once, Du said, she fainted in the office after weeks of a grueling schedule. Since leaving the company, her life has been “much freer” and she has had the opportunity to set her own schedule.
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The “966” work culture in China: Twelve hours of work a day
The experience she had at Bytedance is similar to China’s common work culture known as “996.” A 996 work schedule encourages employees to work twelve hours a day, from 9 a.m. to 9 p.m., six days a week. Although technically illegal in China, employee working hours are considered common practice, especially in startups and tech companies.
But Chinese workers are pushing back against the burdensome expectations of China’s work culture, which they say is affecting their work-life balance. The SCMP previously reported that employees in the tech industry are facing burnout before the age of 30.
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Despite the demanding demands, Du praised Bytedance and other previous employers for helping her learn more about management and other important areas of the technology industry. However, she says she is now working on her own startup but still finds time for herself. “When I’m tired, I treat myself to a day or two of vacation, go on a trip, get closer to nature or just meditate,” said Du in an interview with SCMP.
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The price of gold increased by a jump of 4 and a half thousand taka
– 2024-05-08 04:28:37
Bangladesh Jewelers Association (BAJUS) has increased the price of gold by 4 thousand 502 taka. As a result, the price of the best quality i.e. 22 carat gold bar will be 1 lakh 15 thousand 450 taka. The new gold price will be effective tomorrow, Wednesday (May 8).
This information was informed in the press release signed by Masudur Rahman, chairman of the Bajus Price Determination and Price Monitoring Standing Committee on Tuesday (May 7).
According to Bajus, the price of acidic gold has increased in the local market. The new price of gold has been fixed keeping in view the overall situation.
As per the new prices, the best quality or 22 carat gold (11.664 grams) is priced at Tk 1,15,450, 21 carat at Tk 1,10,201, 18 carat at Tk 94,455 and conventional gold at Tk 78. It will be sold for 90 thousand rupees.
While the price of gold has increased, the price of silver has been kept unchanged. According to the category, currently the price of 22 carat silver is 2 thousand 100 taka, 21 carat is 2 thousand 6 taka, 18 carat is 1 thousand 715 taka and traditional silver is 1 thousand 283 taka.
On Tuesday (May 7), 22 carat gold was sold at Tk 1 lakh 10 thousand 948, 21 carat gold at Tk 1 lakh 5 thousand 897, 18 carat gold at Tk 90 thousand 769 and traditional gold at Tk 75 thousand 489.
The price of gold increased by a jump of 4 and a half thousand taka – 2024-05-08 04:28:37
Wall Street opened this Thursday with gains
– 2024-05-08 03:59:07
Wall Street opened this Thursday in green and the Dow Jones Industrialsits main indicator, rose 0.34%, to 38,031 points.
Ten minutes after the trading floor opened, the selective S&P 500 rose 0.45%, to 5,040 units, and the technological Nasdaq advanced 0.74%, to 15,721 points.
The market opened in green after yesterday Reserva Federal (Fed) kept interest rates at their current range, the highest in 23 years, citing a “lack of further progress” towards its 2% inflation target.
Now, most investors believe the rate cut won’t come until at least September, according to the tool Fedwatch of CME Group.
At the corporate level, companies will publish their quarterly results at the close of the stock market. Apple y Amgen.
By sector, the technology (1.08%) and energy (1.07%) led the gains, while the largest losses were for the raw materials sector (-1.14%) and the health sector (-0 ,fifteen %).
Among the 30 stocks in the Dow Jones, the advances of Apple (1.72%) and Amazon (1.67%) stood out, and the declines of Johnson & Johnson (-0.99%) and Honeywell (-0.84%) stood out. ). EFE (I)
#Wall #Street #opened #Thursday #gains
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Wall Street opened this Thursday with gains – 2024-05-08 03:59:07