unpaid salaries

  • Chipsource, a Major Chinese Semiconductor Company, Collapses: Months of Unpaid Salaries and Zero Compensation Layoffs – HR Admits “We Won’t Pay”

    Reports indicate that Nanjing-based chip designer, a DPU leader, is facing severe financial difficulties. Allegations from former and current employees include unpaid salaries, uncompensated layoffs, and withheld bonuses, starting in March. The company’s 2023 plan to spin off EDA and DPU operations, coupled with high R&D costs, and equity pledges in April 2024, may be contributing factors.

    2025年6月25日
  • Founders in the Crosshairs: DeepBlue Tech Employees Petition to Restrict AI Unicorn Executives

    Shenlan Technology, once a $2.23B AI unicorn, faces mounting crises as over 100 ex-employees pursue legal action against founder Chen Haibo, securing court-imposed travel bans over unpaid wages. The company dissolved its Shenzhen workforce in 2024 despite a 2023 payment agreement, citing conflicting financial claims about IPO preparations. Courts rejected Chen’s appeal, holding him accountable as legal representative amid accusations of evading operational duties. Shenlan countersued ex-staff for alleged non-compete breaches, while its nine-figure Pre-IPO funding and alleged inflated revenue claims (¥100M actual vs. promoted billions) deepen credibility concerns. Prolonged IPO delays and unresolved labor disputes expose governance risks, reflecting systemic issues in China’s hypercompetitive AI sector.

    2025年5月22日