#CompanyCrisis #LeadershipStruggles #EthicalDilemma
Hey everyone, I need some advice or maybe just a place to vent. So, I just got hit with a bombshell at work 🤯. Our company is in the process of being sold to an investor, and they’re worried about losing people during the transition.
But here’s the kicker – I’ve been asked to fire two of my team members, the same ones that the buyer is concerned about. 😬 I know that if I go through with this, the rest of my team will bolt and the whole deal will collapse. It’s a lose-lose situation, and it’s breaking my heart 💔.
I’ve put so much effort into building up this team, only to have it come crashing down like this. All those fancy company values they preach about in trainings? Yeah, total BS. 🙄
So, what do you think I should do? Any suggestions on how to navigate this impossible situation? Here’s what I’m thinking:
– Have a candid conversation with the investor about the potential repercussions
– Offer alternative solutions that won’t involve sacrificing my team
I’d love to hear your thoughts and learn from your experiences. Let’s brainstorm together and figure out a way to handle this tricky situation! 🧠💭 #Teamwork #ProblemSolving #WorkplaceDilemma
The only thing you can do is start getting your applications out there. No reason to go down with the Titanic when you weren’t the one that sailed into an ice field
“ I know for a fact that the moment we do this the rest of the team will leave as soon as they can”. True. But given the current job market (especially in your sector) it’s likely to take them many months and many more moons to secure another position. In the meantime, they’re still employed, the sale goes through, and the new situation might actually work out well for them. I think you’re worrying for nothing. Good luck!
Leadership is making their choice. Get going on applications. It won’t be as fast of a death as you think. You have time. But don’t wait.
The company’s health is not your responsibility. Take care of your team. Prep them for what’s coming, help them work on their résumé’s, and then get ready to step away in solidarity.
I know it hurts to watch someone else shoot a hole in all you’ve worked to put together, but if you can’t stop it, the next best you can do is handle it with grace and calm. Your relationship with your team is worth more than your relationship with the company or this investor, so take care of your team. Down the line it may pay off with them remembering you as the guy who led them out of the burning building.
Warn the investor.
You have nothing to loose and may win a job for your team.
Let your team know what’s going on so they can all jump ship asap.
One of the disadvantages of being high up, is you feel more obligated to stay until the end.
As the team dwindles, responsibilities will increase and be divided among the remaining people, and along with that the stress.
As someone else said, get out while you can. You owe nothing to that company.
Does leadership want the sale to fall through?
Is this order from the owner or management?
If the latter, go to the board/ shareholder reps. Obviously they want to make the sale and pocket the cash. Management is sabotaging things.
When the shit hits the fan they’ll point at you anyway you know.
If it’s the owner then well the owner is out of his or her tree but that’s not your problem.
Resign
Make sure you have the order from the top in writing before you do anything.
There are a number of situations that you may not be privy to. One being the reason the buyer has for acquiring the company. Terminating employees immediately reflects the bottom line. The purchase could be to acquire a customer base or a possible distributor network. I would suggest finding as much information about the investor as possible to get some insight on what their plan may be.
Do you have equity in the company? If the answer is no. Get out. You have ZERO idea of what the boss has. He may benefit more if this sale does not go through. I don’t want to go too far explaining. Just take care of you. Nobody. Cares about you.
The best thing you can do for your team is probably make sure that they complete every professional training and certification the company offers, so that they’re in the best possible position to start the job hunt when it happens.
Frankly, considering what’s about to happen… Fuck it. Might as well just be straight with them and make sure there are no surprises. Off the record, of course.
just do as they say, get ur sev, and get out. stop being sentimental. I launched 3 company wide products at a[ top 5](https://www.similarweb.com/top-websites/united-states/news-and-media/) in the last 4 years, and they still laid off myself and hundred others
I doubt the sale would fall through. Most company buyout as because they want the IP or Contracts owned by the smaller company.
If anything, everyone leaving probably does them a favour.
Just create another company for you and your team, quit, and then negotiate with the new owner a better salary as a 3rd party contractor.
Nothing stops you from playing dirty to them in your own benefit and the benefit of your whole team.
Lots of workers end up acquiring company ownership if they play their cards correctly.
Use capitalism tools against capitalists pigs.