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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 OysterPoBoy
quote:
Is it Arby’s?
I can neither confirm nor deny...
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 BoogaBear
quote:
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
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.
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 8:18 pm to OysterPoBoy
What? Arby’s is the one doing the buying…
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 8:22 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.
As others have said, if you are generating revenue you are fine. They get rid of administrative things that both companies had. My advice is to figure out the shape of the new company, find where you fit, and approach those leaders to tell them about you and your group. Just meeting them will help, but you might find out how to help your group fit into the best spot and get some positive attention.
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