3 ms·

A reasonable person, when told "Company A is buying and will operate Company B," would interpret that as "all of Company B" including its assets, liabilities, c

A reasonable person, when told "Company A is buying and will operate Company B," would interpret that as "all of Company B" including its assets, liabilities, cash, property, patents, AND employees. They would not think "Well, ackshually, they're just buying the corporate entity itself, which doesn't technically involve keeping the employees..."

ForHackernews 10mo ago
Any reasonable person who has paid attention to business news over their lifetime would not be surprised to see layoffs following a corporate acquisition.
- johnnyanmac 10mo ago
  > who has paid attention to business news over their lifetime So, less than a percent of a percent of people.
csallen 10mo ago
If "reasonable person" means "someone with literally zero experience reading any business or acquisition news whatsoever" then I agree with you. Hell, the OP literally begins the announcement with, "As expected."
- johnnyanmac 10mo ago
  >"someone with literally zero experience reading any business or acquisition news whatsoever" then I agree with you. Most people aren't entrepreneurs, and they may be an older folk who grew up expecting companies invested in employee retention and building careers. Those "reasonable people" were lied to.
akavi 10mo ago
Only if you believe the primary purpose of a corporation is to provide employment, as opposed to generating profit for its shareholders. (To be clear, I think the latter is both descriptively true and normatively good)
- johnnyanmac 10mo ago
  if corporations only exist to make the rich richer, maybe it's time to eat the rich. Corporations' outward goals used to be to satisfy their customers. That may have never been the internal case, but it isn't even pretended to be so nowadays. Severely downsizing the company isnt a good vibe to a customer. I'd definitely be migrating off Vimeo if I did any serious business with them.

ForHackernews 10mo ago

Any reasonable person who has paid attention to business news over their lifetime would not be surprised to see layoffs following a corporate acquisition.

johnnyanmac 10mo ago
> who has paid attention to business news over their lifetime So, less than a percent of a percent of people.

csallen 10mo ago

If "reasonable person" means "someone with literally zero experience reading any business or acquisition news whatsoever" then I agree with you. Hell, the OP literally begins the announcement with, "As expected."

johnnyanmac 10mo ago
>"someone with literally zero experience reading any business or acquisition news whatsoever" then I agree with you. Most people aren't entrepreneurs, and they may be an older folk who grew up expecting companies invested in employee retention and building careers. Those "reasonable people" were lied to.

akavi 10mo ago

Only if you believe the primary purpose of a corporation is to provide employment, as opposed to generating profit for its shareholders. (To be clear, I think the latter is both descriptively true and normatively good)

johnnyanmac 10mo ago
if corporations only exist to make the rich richer, maybe it's time to eat the rich. Corporations' outward goals used to be to satisfy their customers. That may have never been the internal case, but it isn't even pretended to be so nowadays. Severely downsizing the company isnt a good vibe to a customer. I'd definitely be migrating off Vimeo if I did any serious business with them.