ย #CompanyMergerWoes ๐ผ๐ฅ
Hey there, fellow career warriors! ๐ Have you ever been through a company merger that totally whooped your ass? Because same here! ๐ฉ It’s been a tough road since our company was “merged” (let’s be real, we were basically devoured) by another company and things went downhill real quick. Positions eliminated, responsibilities shifted, and mojo lost. It’s been a struggle, to say the least.
But hey, we’re all in this together, right? So, here are a few possible solutions that might help us navigate this rough patch:
– Networking like there’s no tomorrow ๐ค: Building connections in your new industry can open up doors and opportunities you never knew existed.
– Upskilling and reskilling ๐: Taking courses or certifications in your new field can help you regain confidence and boost your skillset.
– Seeking mentorship ๐ฉโ๐ซ: Finding a mentor who has been through similar challenges can provide valuable guidance and support.
– Exploring side hustles ๐ฐ: If your current job doesn’t fulfill you, consider starting a side gig that aligns with your passions and skills.
Remember, setbacks can lead to comebacks! Let’s support each other and come out stronger on the other side ๐ช. Share your thoughts and let’s navigate this journey together! #CareerStruggles #CareerGrowth #MergerSurvival ๐
I work in a big corporation, and have been involved with a couple of “acquisitions.” I do IT, so my role has been to show them the software we use in our company, and conduct training so they will learn how to use it; fortunately, that means I’m dealing with people who get to keep their jobs.
I did hear from the guy leading the acquisition project for one company, though, that what clobbers more of them than you’d think is when the executives for the smaller company find out they will be, at best, maybe a director in an existing division of our corporation. To go from being CEO to someone under a vice-president is not a step many people would willingly take, and the lower-level managers have it even worse. You might be in charge of a department doing XYZ, and there’s already an XYZ department in the parent company. You won’t be managing that department, so you are kind of screwed.
I don’t know the details, but I have to imagine that they work out some deal for the c-suite folks, like enough stock options, so they don’t stick around, but nothing is done for the folks doing actual work who will be “redundant” from a merger.
I’ve been through one of those mergers. We had an all-hands calls where c-suite promised employees that it’s “business as usual”, or in other words, “stop worrying about the merger and get back to work”. Then I heard the bigger company’s managers talking about how they ruled the jungle, and we were their prey. Our union found that this message came from the c-suite, and called them out on this, following which they started ignoring our union. They eventually kept the brand names and IP, and got rid of most of our staff.
I jumped ship and got a job in the next city over, which was a more junior position with less pay. At first I treated it as temporary and wanted to move up the ladder again. But then I realised the job is relatively easy, so I can do just as much work as anyone else without breaking a sweat. I’m also not responsible when things break any more – that’s what my boss is paid for. It took a long time to adjust (probably 1-2 years), but it helped shift my mind away from work as the main focus and more onto other things in life. Work gets boring at times, but overall I guess it was an opportunity in disguise.
>I willย neverย get back to where I was in terms of pay and responsibility.
Why do you want responsibility?