PREVIEW

... on for major companies to quickly find ways to save themselves,

Bobo Milk Tea was the first to make a move, deciding to sell all stores that had sustained losses for three consecutive months.

If no buyer could be found, the stores would close within a month.

Not only was Bobo Milk Tea closing stores, but other businesses were making similar choices.

Each opted for a “survival by amputation” strategy.

Departing employees were compensated using an N+6 plan, ...

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