- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Anyone have experience with their company getting bought out?
Posted on 9/25/23 at 8:23 pm to Boss13
Posted on 9/25/23 at 8:23 pm to Boss13
quote:
Thats why i like my odds, our group is small, niche, and generates a disproportionately large amount of revenue in the company based on our size.
Corner them and ask why YOU should continue to work for them.
1
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 8:26 pm to ThatMakesSense
quote:
Corner them and ask why YOU should continue to work for them.
I'm going to demand a raise or tell them I'm walking.
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 8:33 pm to Boss13
quote:
I'm going to demand a raise or tell them I'm walking.
Jest aside, the merits of this aren’t unreasonable. You’re already worried about turnover/job security/management structure. May as well shoot for the Moon, what’s the worst outcome?
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.
Posted on 9/25/23 at 8:39 pm to Boss13
quote:
I'm more in the technical and operations side, not management
You’ll be fine. Folks that bring in money hang around.
Posted on 9/25/23 at 8:40 pm to Boss13
My old company got bought by a larger company. That was a mixed bag but OK overall.
The larger company got bought by a publicly traded company that sucked, so I left.
The larger company got bought by a publicly traded company that sucked, so I left.
Posted on 9/25/23 at 8:41 pm to AllbyMyRelf
quote:
I represent PE backed roll-up companies that buy up industry related businesses. Part of what makes a company valuable is its employees
That was far from the experience I had. They bring in their own people and could care less about the employees or the people who helped built that business. Once they figure out how the company operates they start canning people.
This post was edited on 9/25/23 at 8:57 pm
Posted on 9/25/23 at 8:43 pm to MikeD
Went through one. Learned all I could and competed for newly created Executive level position. Was selected and fifteen years later retired.
Posted on 9/25/23 at 8:48 pm to wfallstiger
quote:
Went through one. Learned all I could and competed for newly created Executive level position. Was selected and fifteen years later retired
Any advice? Specifically on how to get noticed or compete for the top spots?
Posted on 9/25/23 at 8:48 pm to Boss13
The 3 biggest lies in the world:
1) I’ll respect you in the morning.
2) I’m from the government and I’m here to help you.
3) Nobody’s job will be affected by the merger.
1) I’ll respect you in the morning.
2) I’m from the government and I’m here to help you.
3) Nobody’s job will be affected by the merger.
Posted on 9/25/23 at 8:51 pm to Boss13
Update your cv
Posted on 9/25/23 at 8:57 pm to Boss13
I’ve been through acquisitions before. I would recommend staying put unless you have a compelling reason to bail. In my most recent case, my wife was pregnant and I wanted to make sure I had insurance and a reliable income so I left for a new company. My peers who stayed said it was a joke. They basically didn’t do anything for the better part of a year while the acquirer tried to figure stuff out and then they just got blended into the existing workforce.
If you don’t have a compelling reason to leave, stay. If they let you go, you get severance and you’ll find a new job before you know it.
If you don’t have a compelling reason to leave, stay. If they let you go, you get severance and you’ll find a new job before you know it.
Posted on 9/25/23 at 9:01 pm to Boss13
Start getting your ducks in a row now. Update your resume and get it out on LinkedIn. If you have a contact for a recruiter tell him you’re passively looking. Layoffs may not come for year or more and you could very well survive them when it does happen. No harm in being proactive against the worst case scenario.
I could tell something was off at work last year. I took several interviews across the country to hedge my bets and had an offer in had the week lay offs were officially announced.
I could tell something was off at work last year. I took several interviews across the country to hedge my bets and had an offer in had the week lay offs were officially announced.
Posted on 9/25/23 at 9:03 pm to Boss13
quote:
Thats why i like my odds, our group is small, niche, and generates a disproportionately large amount of revenue in the company based on our size.
Then get back to work and quit posting here.
Posted on 9/25/23 at 9:21 pm to Boss13
My company was bought by Samsung 6 or 7 years ago. It was an $8B transaction. They replaced the board members with Samsung executives, but allowed us to operate largely as a self operated subsidiary.
Not a lot of changes really yet except for priority on synergy initiatives with Samsung. They had us adopt some of their customized data management applications for our ERP system, but that's honestly about the largest day to day change.
Not a lot of changes really yet except for priority on synergy initiatives with Samsung. They had us adopt some of their customized data management applications for our ERP system, but that's honestly about the largest day to day change.
Posted on 9/25/23 at 9:24 pm to Boss13
Yes
Next month will be 1 yr
It was/has been one of the most stressful events of my professional career
I will relay the one piece of advice my former boss told me
"It's going to be rough, they will tell you nothing will change. That's bullshite. Just give it 1 year. If after, you're unhappy, leave."
Basically, in about a year you'll know if this is a good company for you. I'm very appreciative I followed his advice. I wanted to knee-jerk quit so many times. I may not stay, but I have a good sample size from which to make my decision.
Next month will be 1 yr
It was/has been one of the most stressful events of my professional career
I will relay the one piece of advice my former boss told me
"It's going to be rough, they will tell you nothing will change. That's bullshite. Just give it 1 year. If after, you're unhappy, leave."
Basically, in about a year you'll know if this is a good company for you. I'm very appreciative I followed his advice. I wanted to knee-jerk quit so many times. I may not stay, but I have a good sample size from which to make my decision.
Posted on 9/25/23 at 9:25 pm to Privateer 2007
quote:
If you're in operations,
quote:
You generate revenue and profit
bullshite
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News