Has anybody ever been let go due to a large corporate acquisition of their company?
I would like to know what to expect, as Ingersoll-Rand is acquiring Trane, and my buddy works for them and is concerned he might not have a job after the sale goes through. I am looking for real world stories of people that either survived or were let-go due to a corporate take-over. He is a good employee for Trane, but what do the corporate honchos look for when deciding who to eliminate?
Asked By: Wolfgang92 - 12/27/2007
Best Answer - Chosen by Asker
When the company I worked for went thru that we were told no one would lose their job and then a week later they started cutting people. Usually, the first hired are let go and then they get rid of dead wood and the high paying position. Being a good employee doesn't matter. When my turn came, I left and moved to... More
Answered By: pat r - 12/27/2007
Additional Answers (5)
My dad worked as a plant manager at a place for over 20 years when another company bought them out and "eliminated" his position. It took a long time for him to get back on his feet. Because of how old he was and how much money he previously made, nobody wanted to hire him... More
Answered By: ticktock - 12/27/2007
They look for "problem" employees and higher paid ones. Eliminate the dead weight and hire 2 people for the price of one... so if your friend is sick alot, late alot, does a poor job, then he's probably someone to be worried... also if he makes a large salary... More
Answered By: cmsmec22 - 12/27/2007
I witnessed that...it might seem cruel, but it's all about who adapts to the new context and who doesn't... The three golden rules : make yourself useful to the new bosses, work hard to impress them and exercise plentifully your talents as a butt-kisser...
Answered By: ioana.florina - 12/27/2007
It happens every day. There is no rhyme or reason as to who gets the ax, every corp.has it's own methods. As a general rule, the higher up the chain of command, the more likely you are to be fired, as they want to have their own people running the show. Worker Bee's and middle management are usually safe, but any... More
Answered By: HandyMan - 12/27/2007
It is a very real concern. I've seen a number of examples of this happening. The plain truth is that companies don't go out and acquire other ones just to keep everything the same. And usually, the employees of the acquired company come out worse that those of the acquiring one.
Answered By: engineer50 - 12/27/2007
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