Resignation Party: Why young employees in China are celebrating quitting
Despite China's tough economic environment and soaring youth unemployment rates, individuals in their 20s are leaving their jobs, citing reasons such as low salaries and burnout, as reported by CNN. Chinese social media platforms have witnessed a surge in posts about these "resignation parties." According to Maimai, a Chinese professional networking platform similar to LinkedIn, 28% of surveyed employees across various industries resigned in 2022, and this number doubled for those considering resigning but had not yet taken the leap, as stated in the CNN report.
This dissatisfaction stems from a profound sense of disillusionment among overworked young individuals who have grappled with intense academic competition and high parental expectations.
Many of them grew up amidst economic prosperity, but now face stagnant salaries, a culture of overwork, and a disconnect between their educational qualifications and the job opportunities available to them. This misalignment has left many employees feeling overqualified for their roles, leading to dissatisfaction and disillusionment.
As highlighted in the CNN report, Liang, who resigned from his banking job in China, experienced this firsthand.
His friends threw an elaborate party for him, pinning a flower on his chest under a scarlet banner that boldly proclaimed, «We're done with this bullsh*t job!» Liang's name was replaced with a pseudonym in the CNN report to safeguard his privacy. He explained, «I fell into mechanized, repetitive work.
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