this post was submitted on 02 Feb 2024
66 points (89.3% liked)
Asklemmy
43835 readers
647 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I've been through it many times and expect to see many more. Both as the subject of an acquisition and as an acquiree. You just have to wait and see. If they're not immediately closing you down, there will be a transition period. Months to a year or more. That's where you need to be looking for a new job if that seems like a remotely feasible option.
With regard to your personal decision, do not trust what you're being told. The company wants a smooth transition and that means that the company wants to be the one making the decisions about who is working for them. They can and will lie.
The exception to this is if they ask you to stay on while they close out operations at your site. In that case they've already lowered the hammer, you're on borrowed time anyway, and it doesn't matter to them.
(Also - if you're given this option, consider it carefully before accepting. The folks I know who have done this have described it as a depressing and completely unpleasant experience. They all claimed they wouldn't do it again. If you choose to do so, ask for more money to compensate for the therapy you'll need afterwards. Be bold with your offer because it's a job that very few want to do.)
Generally speaking, the first thing that should happen is that the new company will harmonize efficiencies. This means cutting redundant departments, projects, or products. Expect to see a lot of strangers on site who are evaluating this. Non-specialized departments like finance, HR, legal, and support IT will be merged and streamlined. And do not expect that the highest performing department will survive. It's often the cheapest one who does. If the team in Kentucky can do a good enough job, it makes no sense for them to retain a higher paid workforce in DC. I've seen that sort of thing happen. (It's also sometimes a selling point for the company being bought. ๐คฎ)
After that, it just depends on 1) why they bought you and 2) what they thought they were buying. If they find out that part of the acquired company isn't something they want but is valuable enough to re-sell rather than shut down, you may be in for a head-spinning transition between several buyers.
Overall -
The experience is a big shake-up, but I've gone through eight or so unscathed as a mid level employee. It all depends on lots of things outside of your control. It will help if you can accept that these things are beyond your control or beyond your ability to foresee. I can also assure you that there's a good probability that the people in charge won't be making good or sensible decisions.
Expect to see many of your co-workers jump ship, but that's not always a bad thing. Sometimes it's the kick in the ass that people need to make a change. That's often a very good thing.
Thank you for the detailed response, this is way more than I expected and super helpful!