According to reports, Guangqi Honda’s recent layoffs involve about 1,700 employees, accounting for about 14% of the company’s total headcount. Compared with other car companies, Guangqi Honda's layoff gift packages are extremely generous, and many older employees with longer working experience are rushing to get layoff spots. Internal employees of Guangqi Honda revealed that Guangqi Honda will provide "N+2+1.8" compensation package to resigned employees. "N+2 is the standard compensation for 1.8 months and may be bonuses. In addition, the layoffs will be concentrated in May. It is expected that It will last until August. According to the latest sales data, Guangqi Honda sold only 31,000 vehicles in May, a year-on-year decline of 41.31%. Last year, Guangqi Honda sold about 640,000 vehicles, a year-on-year decline of 13.5%.