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118 sats \ 22 replies \ @Aardvark 17 Dec \ on: Stacker Saloon
Just found out yesterday that my company got sold to a larger company. I'm sure there's going to be nothing but positive changes because of this /s
Last year, it happened to our company too and I can tell you it went very well. I hope the best for you! Good luck!
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Perhaps for you, what about the rest of the employees?
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Nope, they didn't lay off or anything, everything was fine no one was impacted.
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That was an unusual situation then. Usually, there are some lost jobs due to ‘streamliining” or “efficiencies” in the merging. Say for instance the HR departments are not both needed.
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Yes, we too were surprised that nothing happened. It's just that our parent company decided to hold on and not interfere with the existing system until needed. I think they just wanted to acquire it. But yeah who knows what could come next?
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Was Berkshire the parent company? They do things this way for well run companies.
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Can't share, but they're massive.
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Good luck with that!
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Thanks, I'm probably going to need it lol.
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Buyouts are scary AF
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I already haven't gotten a raise in the last 2 years. I may be time to move on anyhow. The only thing that's stopping me is that it took 10 years to get 4 weeks of vacation. If I start new somewhere, I likely won't have any vacation for the first 2 years.
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It depends on where you go. Some companies have the resources or at least have the resources to waste. For instance Twitter before Musk got ahold of it.
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No raise during the last couple year's inflation is a sign.
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I have agood friend who has a company with 17 trucks, which kind of runs itself. He spends his time at his other LLC helping drivers and others set up and finance trucking companies. This is good money now, but not a long-term good sign in my opinion.
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Trucking always takes it in the shorts when the economy goes bad. People aren’t buying, therefore, there is no shipping stuff around to the retailers. I go to several places and on the way there, I am seeing a lot of big rigs parked and if it isn’t the whole rig it is just the tractor. I also go by an apparently abandoned Yellow hub/depot. It does not look good for trucking.
Hahahaahahahahahaha….. I have yet to see that happen to all of the employees at a “merged” company. Only some get to see sunnier days. The rest go to the pits of h*ll.
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