Will Hollysys lay off employees?

Yes Hollysys will lay off employees. Hollysys refers to Hollysys Technology Group Co., Ltd. Beijing Hollysys Group was established in 1993, which is a high-tech enterprise group engaged in independent design, manufacture and application of automation control system platform and industrial solutions. After the merger with Shenhua, there will be a wave of adjustment. It is estimated that it will merge with Shenhua and Lishi. After the merger, there are only two outcomes, either the salary level catches up with Shenhua or the large-scale layoffs are faced.