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Started By
Message
Anyone have experience with their company getting bought out?
Posted on 9/25/23 at 8:10 pm
Posted on 9/25/23 at 8:10 pm
Company is getting bought out by an industry giant next year. I'm more in the technical and operations side, not management. I understand fully there is a real possibility of losing my job but I'm curious as to other people's experiences.
What is the likelihood of management getting replaced?
In before "Hope your resume is up to date baw" and "You're gonna have to sell your truck nutz."
What is the likelihood of management getting replaced?
In before "Hope your resume is up to date baw" and "You're gonna have to sell your truck nutz."
52
Posted on 9/25/23 at 8:11 pm to Boss13
Is it Arby’s?
Posted on 9/25/23 at 8:13 pm to Boss13
You’re asking an impossible question given this board has no details on the company and the situation.
Posted on 9/25/23 at 8:13 pm to Boss13
I represent PE backed roll-up companies that buy up industry related businesses. Part of what makes a company valuable is its employees. Usually we keep everyone except for HR (would be redundant) or if the main owner wants to retire.
Posted on 9/25/23 at 8:13 pm to Boss13
quote:
What is the likelihood of management getting replaced?
Very likely within 12 months
Posted on 9/25/23 at 8:14 pm to Boss13
When they say “no changes” that means 6 months from now they will can every body.
Posted on 9/25/23 at 8:14 pm to Boss13
quote:
What is the likelihood of management getting replaced?
Higher than gun violence in the ghetto.
Posted on 9/25/23 at 8:14 pm to Boss13
If you're in operations, you're likely fine.
You generate revenue and profit.
HR, legal, IT, redundant stuff that doesn't generate direct income, they need to worry.
You generate revenue and profit.
HR, legal, IT, redundant stuff that doesn't generate direct income, they need to worry.
Posted on 9/25/23 at 8:14 pm to Boss13
quote:
What is the likelihood of management getting replaced?
Ask yourself this: who is going to manage the transition?
Posted on 9/25/23 at 8:14 pm to Boss13
Yes, depends on the department. As a whole thing of it like this, you don't need 2 kitchen sinks do you?
Accounting, HR, etc will get cut first.
If you're technical and operations you will have a good bit of time before you may be cut, they need subject matter experts for the transition. If you prove yourself in that time, nothing to worry about.
Accounting, HR, etc will get cut first.
If you're technical and operations you will have a good bit of time before you may be cut, they need subject matter experts for the transition. If you prove yourself in that time, nothing to worry about.
Posted on 9/25/23 at 8:15 pm to Boss13
It’s been my experience that frontline employees who are bringing in the revenue are the only ones relatively safe. IT/HR/Management become redundant very quickly. It’s Amedisys isn’t it? Expect some senior level guys to take their bag and peace out.
Posted on 9/25/23 at 8:16 pm to Boss13
quote:
Hope your resume is up to date baw
Or else
quote:
You're gonna have to sell your truck nutz.
Posted on 9/25/23 at 8:16 pm to Boss13
They will keep you around long enough for someone from the buying company to learn your job and tell you everything you been doing wrong.
Been through three buyouts myself. One great one, one bad one, and one 100% total shitshow
Been through three buyouts myself. One great one, one bad one, and one 100% total shitshow
Posted on 9/25/23 at 8:16 pm to Boss13
quote:
What is the likelihood of management getting replaced?
Strong possibility it will be Boss14 next year.
Posted on 9/25/23 at 8:17 pm to Boss13
Went through it twice at my last job. If you are in a job with overlap, you are in danger. Management will almost certainly be replaced. Your job is probably safe.
This post was edited on 9/25/23 at 8:18 pm
Posted on 9/25/23 at 8:21 pm to Boss13
Company I worked for got bought out, only thing that the buying company kept were the assets, everyone was let go (fortunately I got a hell of a severance, 6 months pay with full benefits).
Posted on 9/25/23 at 8:25 pm to Boss13
multiple times. get your resume up to date
Posted on 9/25/23 at 8:28 pm to Boss13
Yes. They will tell you things will be the same and within 90 days things will be completely different but they will instill their company culture.
Posted on 9/25/23 at 8:30 pm to Boss13
Yep. Went through an acquisition a few years ago. More than likely you’ll lose more people at the top than the bottom. A lot of it depends on what part of the business you are in, and why they bought you. For instance, if you work in services for a product company that was bought for the product, that could be worrisome if the new parent company doesn’t put much emphasis on services.
Posted on 9/25/23 at 8:34 pm to Boss13
I have been through acquisitions twice in my career…and they invariably suck. If you are in technical/operations you’ll likely be okay unless your present company is majorly over staffed.
Honestly, when you are bought out, most companies typically take the opportunity to do some long-overdue housekeeping. They get rid of anyone who has not been pulling their weight or anyone who has been a disciplinary problem.
You are likely to lose some folks in HR, accounting, etc. where there will be redundancy. They will keep a person or two from management for continuity, but most will probably receive severance packages.
FWIW, I have always come out better off financially after acquisition, but typically not as happy because the culture always changes.
Honestly, when you are bought out, most companies typically take the opportunity to do some long-overdue housekeeping. They get rid of anyone who has not been pulling their weight or anyone who has been a disciplinary problem.
You are likely to lose some folks in HR, accounting, etc. where there will be redundancy. They will keep a person or two from management for continuity, but most will probably receive severance packages.
FWIW, I have always come out better off financially after acquisition, but typically not as happy because the culture always changes.
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