4 ms·
A company that I worked for got acquired by a vastly larger company, who is in turn owned by an even larger company. When it was announced we were being acquir
by paranoidrobot 5y ago
A company that I worked for got acquired by a vastly larger company, who is in turn owned by an even larger company.
When it was announced we were being acquired, one of the first questions was "What are the retention bonuses".
"We don't plan to have any retention bonuses" is the answer that came back from the new owners.
A few months later I'm talking to a VP of something-or-other in the acquiring organisation who's commenting "Yes, we've noticed you're having a lot of people departing. Company X who we acquired a few years ago had the same thing, we're not sure why".
This was while being told "nothing will change for you", to be immediately followed by "We're getting rid of X and Y and Z and changing work flexibility policies."