608
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 04 Jul 2023
608 points (97.6% liked)
Asklemmy
44148 readers
1320 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
"Merger" that was really a purchase. New CEO started immediately talking about making our $30mil company a $100mil company within 3 years and we all then knew they were going to work is to death and then sell us as soon as the multiples became unbound from revenue.
2 years later they're in their 3rd CEO and there was just another max exodus. Glad I left early.
Recently caught up with a former coworker. When we worked together the company was led by the founder who wanted to pursue other ideas and sold the company to some managers. The company had also grown a ton with a clever new product so the culture changes could easily be attributed to that.
But neither of the new owners were particularly high EQ people so to speak. I left because there was no room for growth and I had already put ten years into it. The coworker told me that they worked the remaining crew "to death" in order to inflate the value of the company to the maximum. Their best buddies got promoted and many others got eeked out. They cleaned out all the satellite offices by inviting them to an orientation meeting and sending in "hired guns" to just fire the entire management on the spot. A few years of this and they sold it to a big player and walked out without even saying goodbye to anyone.