Employees of Chinese ride-hailing firm Didi will receive only half of their year-end bonuses, while executives receive nothing, the company’s CEO Cheng Wei announced at an internal meeting on Saturday, The Paper reports.

The bonus cuts come as a result of the company’s less-than-satisfactory performance over the course of the year, The Paper cites Cheng as saying, adding that most of the blame is held by its executives. The company’s annual bonuses can vary between two and six months salary, depending on an employees performance.

A Didi representative refused to comment on the matter when contacted by TechNode.

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Jill Shen

Jill Shen is Shanghai-based technology reporter. She covers Chinese mobility, autonomous vehicles, and electric cars. Connect with her via e-mail: jill.shen@technode.com or Twitter: @yushan_shen