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Has anyone ever tried writing something into their company's sale contract that says 100% of staff must be retained for some duration of time to prevent new ove
by AdmiralAsshat 3y ago
Has anyone ever tried writing something into their company's sale contract that says 100% of staff must be retained for some duration of time to prevent new overlords from doing exactly this?
Obviously in Bandcamp's case this probably would not have helped, since they had already "sold" themselves to Epic before being offloaded to Songtradr. I'm just trying to think of how one could reasonably, enforceably stop an acquiring company from doing this to the acquired company as soon as the ink is dry on the acquisition.
- metamet 3y agoThis does happen. One strategy the acquiring company will use to sidestep it is enacting an internal reorg, where staff are assigned to new roles they may not want to fulfill, passively encouraging them to find employment elsewhere.