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I've seen this happen. I worked at an extremely efficient company that had a great product. We got acquired, and within months, were part of the acquiring compa
by InsideOutSanta 2y ago
I've seen this happen. I worked at an extremely efficient company that had a great product. We got acquired, and within months, were part of the acquiring company's yearly mandatory layoffs. They fired a bunch of (apparently random) people to meet the quota. This absolutely destroyed us. Morale was just gone.
Within six months, about a quarter of our employees, mainly top performers who could easily find other jobs, left voluntarily.
The whole thing self-destructed within another year, and the product we worked on was abandoned.
- marto1 2y ago> had a great product > We got acquired Can I just ask about the reason for this? Was it owners wanting off the ride?
- InsideOutSanta 2y agoOwners made half a billion and got high-ranking positions at the buyer. Buyers bought it because they had a very specific problem that the product was designed to solve, and thought that it would be a competitive advantage to deny the solution to their competition. On paper, it was a good decision.
- krainboltgreene 2y agoClassic capitalist efficiency right there.
- encom 2y ago>yearly mandatory layoffs That sounds grotesque. Who would choose to work at a company with that sort of bullshit dangling over your head?
- ghaff 2y agoTons of people have gone to work at companies with various stack ranking schemes. Most people need jobs.
- shortrounddev2 2y agoEnron was famous for this. Supposedly it's a practice that Jeff Skilling learned at Harvard business school, where the bottom 10% were flunked no matter what their absolute GPA was
- slackernews9 2y agoI mean, being homeless kinda sucks.