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Selling may be a win for the business owner, but since the parent commenter refers to the business as an "employer", they might be looking at it from a differen
by crabmusket 5y ago
Selling may be a win for the business owner, but since the parent commenter refers to the business as an "employer", they might be looking at it from a different point of view. Like that of the employees.
- chii 5y agobut why is a sale of the company supposedly bad for the employee?
- kevin_thibedeau 5y agoBecause new owners often can't manage what they've acquired and kill it off while trying to squeeze profit out of it.
- mikeyouse 5y agoEven less cynically, Unity is buying specific competence that they don’t already have. There are a ton of jobs at Weta that will be eliminated just by virtue of not needing the duplication across companies. They won’t need all of the “normal” jobs that employ non-engineers (accounting, payroll, finance, legal). Marketing and sales will likely be cut in some form, a bunch of local contractors they use will likely be let go since the acquiring company will already have different relationships for those services. It’s disruptive for the stakeholders when for example Google buys a Bay Area company.. it’s much more disruptive when an overseas company buys a (or the) big employer in a region.