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The real advice, having been thru many non-coastal telecom mergers: Its just like a merger on that old TV show Survivor, there's 3000 of us, 100 of you, and af
by VLM 11y ago
The real advice, having been thru many non-coastal telecom mergers:
Its just like a merger on that old TV show Survivor, there's 3000 of us, 100 of you, and after "synergy" there's only going to be 3000 positions, so nothing personal but you are all gone.
The first meetings with the new bosses are a job interview, treat it as such.
Highest priority should be a transfer into the buying company. You want to get on to the existing team as the newest hire, not sitting on the team that's being picked bare before downsizing. Existing teams in the big company have political power and thats all that matters.
Start saving every penny, your job is gone but you have warning you'll be looking for work soon. You may have relo expenses, may not find a job immediately, who knows.
Its easier to find work when you're the first rat to desert the sinking ship, not the last. You want to be the first guy to get a new job. Unless you're 64 and planning to retire, ignore a couple thousand bonus if you stick around. Six months of lost income is probably a lot more than $5K if you're the last downsized. Pretend that bonus doesn't exist unless you're planning on retiring or dropping out.
Assume you've lost it all. The job title, the work environment, the benefits, the vacation time, the seniority, the freedom, the technology. If you get to keep any of it after the merger, you'll feel better.
Sometimes the merger is the time to get away with things. Why, I've always been able to work from home. This is my last chance to upgrade the software without 500 pages of paperwork and procedures, hurry up!
- marktangotango 11y agoI experienced an unusual variation of the acquisition. The company wasn't acquired by another company, but sold out a majority interest to a private equity firm. I did as you suggest here, started looming immediately, jumped ship after the next major release. Turned out it was mistake, the company actually did quiet well, and didn't have the mass layoff I feared. I liked the job and regretted leaving out of fear.