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Although these reads more than a bit contrived, I actually believe the gist of it. I once worked in such a "acquired for the product that won't be invested in a
by marktangotango 5y ago
Although these reads more than a bit contrived, I actually believe the gist of it. I once worked in such a "acquired for the product that won't be invested in and let die" companies/subsidiary and something like this did happen for the entire org. I joined after it'd been going on for about 20 years and they had a hiring spurt because someone got the idea to "modernize". The modernization effort ended when that exec left, and the company and it's products languished for several more years. Eventually the acquiring company was acquired and the new owner was super focused on margins and cut a lot of people. So yeah, it does happen.