No lay off? See those officials apneiptod by him, those are his people instead of the old batteries from the former regime.And what did his people do to "impress" Hong Kong people?In a normal big company, sacking people needs to go through a series of SOP, not just telling him or her "you don't need to come to work tomorrow". See how much things HSBC need to prepare before lay off people will give you clues.
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