The heavens set sail from the courtyard
Chapter 2076 Layoffs
Wang Gang and Manny arrived at the meeting room, where Yao Yao had been waiting for 20 minutes.
Yao Yao was wearing a well-fitting suit today, her hair was up, and she wore silver-rimmed glasses, making her look even more professional.
She is even more similar to He Yushui in Wang Gang's memory.
"Attorney Yao, I'm sorry to have kept you waiting."
Manny was very polite to Yao Yao, not only because she was her estate lawyer, but also because the Liu family had a close working relationship with Yao Yao's law firm.
"Mr. Qin, you're too kind. I arrived earlier," Yao Yao said with a smile.
Seeing that Yao Yao only had a glass of water in front of her, Manny said, "Attorney Yao, I remember you studied abroad. Would you like some coffee?"
"OK, thanks."
Manny turned to Yang Xiaoyun and said, "Pour three cups of coffee."
After Yang Xiaoyun went to pour coffee, Manny got straight to the point with Yao Yao.
"Attorney Yao, I asked you to come here today because I need to ask you for a favor."
Wang Gang took out a prepared folder, pushed it in front of Yao Yao, and said, "We are preparing to lay off staff. As Liu's legal representative, Attorney Yao, we need your cooperation."
Yao Yao wasn't surprised. She picked up the document and said, "This is what I should do..."
The next moment, Yao Yao opened the folder, but stopped mid-sentence.
The layoff list prepared by Wang Gang terrified Yao Yao.
"President Qin." Yao Yao put down the documents in surprise and asked in confusion, "You're going to lay off all of Liu's top executives!?"
Wang Gang laughed and said, "President Qin and I know that layoffs are quite difficult, which is why we need to trouble Attorney Yao."
Manny said coldly, "I've been in charge of Liu's for a month and I've found that all the senior executives are just incompetent people. Not one of them does any real work, and sometimes they even disagree with me!"
Wang Gang continued, "Actually, the company's senior management is bloated, receiving high salaries but doing very little work. Old Liu wanted to streamline the senior management structure before he passed away, but he was in poor health at the time, so it has been delayed until now."
Yao Yao frowned and said, "President Qin, President Gao, although I am Liu's representative lawyer and am not qualified to interfere in management, I still feel it is necessary to remind you that laying off all senior executives at once will have a huge impact on the company, no less than a major earthquake!"
Wang Gang laughed and said, "Don't worry! President Qin and I know what we're doing. We're already planning to promote our own people from the middle management level, and we won't leave any of the lower-level employees behind."
Actually, the people who are really doing the work in the company are all mid-to-low-level managers. Laying off the senior management is also giving them opportunities for promotion.
Yao Yao gave Wang Gang a deep look.
Ever since Manny recruited Wang Gang into the Liu family as a special advisor, there have been unpleasant rumors circulating within the company.
Some say Wang Gang is a gigolo who lives off women. Others say he rose to power through women.
Some even said he had no real talent and only rose to power by flattering Manny.
In short, few people in the company respected Wang Gang.
As Liu's representative lawyer, Yao Yao naturally heard some rumors.
"President Qin, these senior executives are all veterans who helped Old Liu build the empire. It won't be easy to lay them off," Yao Yao said after a moment's thought.
"I need some time to prepare."
Wang Gang then took out some documents and handed them to Yao Yao.
“With these, Attorney Yao’s work should proceed more smoothly.” Yao Yao was taken aback, and curiously picked up the document and opened it. The next moment, her pupils shrank, and she looked at Wang Gang and Manny in shock.
"President Qin, President Gao! Where did you get these things from?"
The documents Wang Gang gave to Yao Yao are evidence of high-level officials embezzling funds and cheating the company.
“Actually, for the past month, I’ve been familiarizing myself with the company’s operations, while Gao Qiang has been collecting evidence of illegal activities by senior management,” Manny said, her face grim.
"While the old man was sick and hospitalized, the company's senior management was completely unsupervised, and the company was almost emptied out."
Wang Gang pointed to the document and said, "The funds in the company's accounts were embezzled by these people under various pretexts. Now you know why I fired these people, Attorney Yao."
Yao Yao asked curiously, "What does President Gao want me to do? Take legal action?"
Wang Gang shook his head and said, "Litigation is too time-consuming and laborious, and it's also bad for the company. It's more likely to expose the Liu family's outward strength but inner weakness, giving competing companies an opportunity to take advantage!"
Yao Yao asked, puzzled, "But even if those high-ranking officials are laid off, the news will still get out."
Manny said confidently, "This is the second thing I asked Attorney Yao to do today."
Wang Gang said, "I will invest 150 million yuan in Liu's company, and I need Attorney Yao to draft a share swap agreement."
Manny nodded and said, "I will sell 10% of Liu's shares to Gao Qiang at the market price of 150 million, in exchange for his investment in Liu's."
Yao Yao raised an eyebrow, surprised that Wang Gang could actually produce 150 million yuan in cash!
You should know that 150 million in assets and cash are two different things.
Manny inherited her father's estate, which appears to be worth over a billion dollars, but most of it consists of company shares and real estate.
The actual cash available is less than 30 million.
Wang Gang quietly produced 150 million yuan in cash, which is no small feat.
In many people's minds, Wang Gang is a gigolo who relies on women. Where did he get such a large sum of money?
"Attorney Yao, Attorney Yao," Wang Gang called out with a smile.
"Uh." Yao Yao snapped out of her daze and resumed her professional expression.
"President Qin, President Gao, don't worry, I will draft the agreement as soon as possible. As for the layoffs, I need to go back to the law firm to find someone to help. I can't handle such a large-scale layoff by myself," Yao Yao said.
"However, with the documents provided by General Manager Gao, the layoffs should go smoothly and the company will not have to pay compensation."
Wang Gang and Manny exchanged a glance and smiled, "If Attorney Yao can persuade those senior executives to resign voluntarily, that would be wonderful."
Yao Yao confidently picked up the documents and smiled, "If even with these, I still can't get those people to resign voluntarily, then I'd be too embarrassed to continue as their lawyer."
Manny checked the time and said, "Then I'll have to trouble Attorney Yao. It's almost noon. Does Attorney Yao have any plans? Would you like to have a simple meal together?"
Yao Yao politely declined, saying, "President Qin, there's no need to be so polite. I'll go back and draft the agreement first, and get things done as soon as possible."
The three of them walked out of the meeting room chatting and laughing. Manny asked Yang Xiaoyun to see Yao Yao off, while she and Wang Gang returned to their office.
"Once the layoffs begin, we will have the HR department fully cooperate to minimize the impact as much as possible."
"Don't worry! I've already spoken with some mid-level managers in the company and tried to gain their support. Once your funds are in place, it will be difficult for the company to fall into chaos," Manny said confidently.
"I've really put all my eggs in one basket this time. If the Liu family goes bankrupt, I'll really have to rely on you to support me," Wang Gang said, blinking his eyes.
"Come on, I know you too well." Manny rolled her eyes and said, "Stock God, your name is legendary in the financial world. I'll be relying on you to make my fortune in the future!"
Manny was one of the few people who knew about Wang Gang's performance in the stock market. Her persistent efforts to bring Wang Gang into the company weren't, as outsiders might think, nepotism; she had actually brought in a powerful figure. (End of Chapter)
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