Legal analysis: it may or may not be a good thing for a company to be established in a general acquisition. Employees may continue to work or be laid off, so the general welfare will be better. When the company is acquired, the benefits may be better than before, but it may also be laid off. When the company is acquired, the original employees will directly become employees of the new company. Generally speaking, the acquisition is legal. In case of layoffs, according to the law, employees must be paid compensation of N+ 1 according to their working years. If you lay off employees before the signing of the acquisition agreement, you have to pay the original company, and if you lay off employees after the signing, you have to pay the new company. Otherwise, you can go directly to labor arbitration. Basically, in this case, arbitration will support employees.
Legal basis: People's Republic of China (PRC) Labor Contract Law.
Article 33 The change of the name, legal representative, principal responsible person or investor of the employing unit shall not affect the performance of the labor contract.
Article 34 Where an employing unit is merged or divided, the original labor contract shall remain valid, and the employing unit that inherits its rights and obligations shall continue to perform it.