5 ms·
Your story is the story of most companies. I watched "my" company get sold to private equity, and leading up to our "soon" sale they have been slashing the one
by diob 5y ago
Your story is the story of most companies. I watched "my" company get sold to private equity, and leading up to our "soon" sale they have been slashing the one thing they can, employee benefits (it's been a quick 3 year decline). I've watched more than half our team leave, much to the chagrin of befuddled execs.
"Why are they leaving?"
"Well, we used to have meaningful raises, bonuses, profit sharing, etc. but you have consistently cut those things."
"Yes yes, but why they are leaving?"
"...."
- EForEndeavour 5y agoAre you still at this company? What keeps you there?
- salawat 5y agoSomeone has to turn out the lights and record the fall for posterity. You've never Grim Reapered a company before?
- diob 5y agoBefore we were acquired I managed to get an offer from another company to leave at one point. I knew the founders well, and they knew I was critical to success, so they made me quite the offer to stay. For where I'm at, my salary is far above CoL, so I don't have an incentive to leave yet. That and I got some shares that will vest when the company sells this year. But if I hadn't gotten that bump before acquisition, I'd likely be gone. It's impossible to get a raise now. On the plus side, I now work like it's impossible to get a raise, if you catch my drift. Once it sells, I'll move on to something I love again. Planning to do consulting with some friends who started a co-op.