4 ms·
The company I was at was purchased by a much larger competitor. It wasn't a startup in the least. It was a 12 year old company. The first employee was an IT guy
by partisan 10y ago
The company I was at was purchased by a much larger competitor. It wasn't a startup in the least. It was a 12 year old company. The first employee was an IT guy. He didn't win anything. Most of the 250 employees were laid off except for the IT team of 25 or so people. Customer Service, collections, marketing, operations, etc, etc, all gone. It was a high pressure situation and heartbreaking to witness and also somewhat gut wrenching to wait for the other shoe to drop.
One thing I learned is that during situations like that, the acquiring company sometimes NEEDS you to be there to ensure that their purchase does not lose value. In those cases they will provide valuable incentives. So if you find yourself in that situation and unhappy, feel free to find a better offer since you may well get a high value counter-offer.
- btgeekboy 10y agoProbably one of the few good times to accept the counter offer. You know you're out in the end anyway; might as well cash in on the deep pockets of the acquirer.
- partisan 10y agoUsually would agree, but I ended up staying for a few years (and a couple of retention bonuses) and I think it turned out to be the right decision. It was a tight-knit team and I think they only lost one person during the whole acquisition process, and that to a lucrative offer.