Polestar Implements N+1 Compensation Scheme for Layoffs in China
2025-02-28 / Read about 0 minute
Author:小编   

Following the Spring Festival, Polestar Technologies has initiated a round of layoffs in China, affecting approximately 50 employees across various departments, including sales and operations. The affected employees will be compensated under the N+1 scheme, which is a standard practice in the industry to provide severance based on the number of years of service plus one additional month's salary. According to industry insiders, this marks the final wave of layoffs, with only after-sales personnel remaining to manage subsequent matters.

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