I have been employed for 24 years in a company that is the product of multiple mergers over that time period that is now being acquired by a larger company. I had my meeting with the 2 Bobs from the bigger company acquiring ours back in January and it didn't go well in my opinion and I thought for sure I was toast.
The FTC has been slow to approve the deal so we have had this really weird pause of 4 or 5 months where everyone has been running scared wondering if they get the axe. The deal is almost closed so everyone has been called in for a 20 minute meeting with a new company rep where you get a pink slip or a job offer.
400 people work in our corporate office , at least 200 are gone Day 1 or within 3 months of close, another 100 by the end of the year I think. Watching 200 people get fired in 2 weeks is brutal. Mall cops were brought in to patrol the work stations making everyone feel uneasy. I hope to never again hear the sound of an 8 months pregnant woman sobbing that nobody else will hire her in her condition.
For me the good news is during the FTC delay some powerful people looking out for me moved some chess pieces around and secured me a position in the new company. The whole process has been gut wrenching, thinking about all of these people and their families is killing me.
The FTC has been slow to approve the deal so we have had this really weird pause of 4 or 5 months where everyone has been running scared wondering if they get the axe. The deal is almost closed so everyone has been called in for a 20 minute meeting with a new company rep where you get a pink slip or a job offer.
400 people work in our corporate office , at least 200 are gone Day 1 or within 3 months of close, another 100 by the end of the year I think. Watching 200 people get fired in 2 weeks is brutal. Mall cops were brought in to patrol the work stations making everyone feel uneasy. I hope to never again hear the sound of an 8 months pregnant woman sobbing that nobody else will hire her in her condition.
For me the good news is during the FTC delay some powerful people looking out for me moved some chess pieces around and secured me a position in the new company. The whole process has been gut wrenching, thinking about all of these people and their families is killing me.