虎嗅

What's it like to work for Changxin, a company worth four trillion yuan?

原文:在四万亿长鑫做“牛马”,是一种什么滋味

Summary of Key Points

After its listing, Changxin Technology's market value exceeded four trillion yuan, making it a favorite of investors. However, the real lives of its frontline employees are full of contradictions: on one hand, there are the benefits of a dual-income salary and the opportunity to contribute to China's storage industry development; on the other hand, there are high-intensity overtime, mental stress, soaring prices for goods and housing, and sacrifices to health and family time. Everyone has different reasons for choosing Changxin (money, technology, career advancement), but they all have to pay a price—using their time, health, and even family time in exchange for what they desire.

Detailed Analysis

1. Targeted by Rising Prices After Listing

With Changxin's listing, its employees have become targets for local businesses. For example, after Xiao Yang left the company, the price of pig's trotter rice increased from 18 yuan to 25 yuan when his former employer saw that he was once an employee of Changxin; the landlord of the apartment he rented raised the rent from 1,500 yuan to 2,000 yuan, claiming that intermediaries were offering 2,300 yuan. Prices have been rising for some time, and the listing has only made these practices more blatant. Ordinary employees, who don't hold many shares in the company, are forced to bear the costs of its capital prestige, sometimes even having to move to cheaper housing located over ten kilometers away.

2. Work Environment Similar to a “Repeating High School Class”

The work environment at Changxin is highly regulated: employees must lock their phones when entering the production area and cannot use Bluetooth headphones; they can only use older models of work-specific devices for communication (such as WeChat). Managers compare projects to the intense pressure of the college entrance examination, and even during holidays, employees may be called back to work. Overtime is the norm—Xiao Yang's department worked at least 60 hours extra per month, and to achieve good performance, they needed to work over 90 hours. Yuan Zi worked an additional 80 hours in his last month before leaving, earning only about thirty to forty yuan per hour (which is even worse for outsourced workers). The main reasons for overtime are not technical difficulties but rather high staff turnover, poor handover processes, and internal management issues. Talented employees are overworked, while new recruits often witness colleagues arguing and fighting over tasks as soon as they start.

3. Health and Family: The Hidden Cost of Making Money

The constant stress is taking a toll on the employees' health. Xiao Yang has developed severe somatization symptoms and experiences nausea whenever he goes out; Yuan Zi was found to have ten additional health issues during a check-up (back pain, nodules, and three high-risk conditions), requiring frequent hospital visits. Family life is also affected: Yuan Zi and his wife have been living apart for two years on weekends, with her only wish being for him to stay healthy. He thought he was earning money for her happiness, but it turns out that what she really wants is his presence and his well-being. Some managers even suggest that four to five hours of sleep per day are sufficient, showing a disregard for employees' health that leads many to resign.

4. The Duality of Choices: Why Do Young People Still Choose Changxin?

Despite these challenges, many young people still apply for jobs at Changxin. Regular research and development positions offer salaries ranging from 15,000 to 30,000 yuan per month (15 times the monthly salary average), with higher salaries for more senior roles. The opportunity to be part of China's DRAM industry development is also appealing, and having “Changxin” on one's resume is highly valuable. For recent graduates, money, technology, and career opportunities are tangible incentives. The key is to understand what one truly wants: if short-term high earnings or industry experience are the goals, they may be willing to endure the challenges; if health and family time are more important, then the trade-offs need to be carefully considered. After all, there is no one-size-fits-all definition of happiness, but you must be clear about what you are willing to sacrifice in order to achieve your goals.

Conclusion

Changxin is a “star of hope” for China's storage industry, but behind its success are countless employees who have contributed their youth and health. We cannot simply conclude whether the employees are happy or not—some come for money, some for their dreams. As long as they understand the costs and are willing to bear them, it’s their own choice. However, it is hoped that the company will recognize the sacrifices made by its employees and ensure that their efforts do not result in just a celebration of capital gains. After all, without the health and stability of its workforce, even the greatest companies cannot sustain their success for long.