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You can work overtime, but the overtime budget has been completely cut, so you can only accept your fate and choose compensatory leave instead (which must be used within three months).
All senior managers are helicopter managers, and the average employee tenure is less than one year (the company has been established for 20 years).
The senior managers are very capable: they do not write approval forms themselves, but know how to let subordinates take the bullets. You must be prepared to make sacrifices and dedicate yourself.