This always happens with mergers, and it’s disgusting that our government knows this and allows it to happen without a plan.
T-Mobile buying sprint did the same thing. “Oh, we’ll need everyone on deck!” Really? You’ll need 2 teams rolling out the same phone? You’ll need twice as many people managing the same amount of plans? That’s just not how it works.
Surprisingly, as soon as the heat was off of them after the merger they laid off entire departments that were “redundant”. Never trust a corpo kids.
Even without any cynicism, I think the government was more interested in there being tighter competition among cell carriers than they were with the people who will lose their jobs in a merger. With all due respect to those who fall on tough times as a result of that kind of merger, it’s a more short term and small scale problem than there being fewer viable competitors in an important sector of the market.
It’s also not necessarily easier, but more understandable, for roles such as HR, marketing, etc…yes, it’s still someone’s job but one company probably doesn’t need two HR teams worth of people and cuts accordingly.
Message being that everyone should have their head on a swivel during a merger and that goes double for those jobs that provide day-to-day business support to keep things running.
Of course they know them. That’s how Microsoft buys a multi-billion dollar company and expects to turn a profit - not by continuing to run the company the way it was, but by trimming staff from one or both companies.
Every time there is a massive capital investment, whether by a hedge fund or a bigger company, there is an unstated “and profit by making it worse” in the headline. Sometimes, a poorly managed company can yield profits just through better management, but most of the time it hurts workers which in turn hurts customers, but there is massive profit to be made while the coasting on the inertia of the former quality.
I can say from experience, if your company gets bought out your job is about to get worse if it even still exists.
You know, these companies share mountains of data with each other before mergers or buyouts.
The idea that they don’t know these “areas of overlap” as they call them before the deal is done is a joke.
This always happens with mergers, and it’s disgusting that our government knows this and allows it to happen without a plan.
T-Mobile buying sprint did the same thing. “Oh, we’ll need everyone on deck!” Really? You’ll need 2 teams rolling out the same phone? You’ll need twice as many people managing the same amount of plans? That’s just not how it works.
Surprisingly, as soon as the heat was off of them after the merger they laid off entire departments that were “redundant”. Never trust a corpo kids.
Even without any cynicism, I think the government was more interested in there being tighter competition among cell carriers than they were with the people who will lose their jobs in a merger. With all due respect to those who fall on tough times as a result of that kind of merger, it’s a more short term and small scale problem than there being fewer viable competitors in an important sector of the market.
It’s also not necessarily easier, but more understandable, for roles such as HR, marketing, etc…yes, it’s still someone’s job but one company probably doesn’t need two HR teams worth of people and cuts accordingly.
Message being that everyone should have their head on a swivel during a merger and that goes double for those jobs that provide day-to-day business support to keep things running.
the govmt is in on it, thats why they know & still let this happen
Of course they know them. That’s how Microsoft buys a multi-billion dollar company and expects to turn a profit - not by continuing to run the company the way it was, but by trimming staff from one or both companies.
Every time there is a massive capital investment, whether by a hedge fund or a bigger company, there is an unstated “and profit by making it worse” in the headline. Sometimes, a poorly managed company can yield profits just through better management, but most of the time it hurts workers which in turn hurts customers, but there is massive profit to be made while the coasting on the inertia of the former quality.
I can say from experience, if your company gets bought out your job is about to get worse if it even still exists.
I know, that’s why I called it a joke. They always post these bullshit PR statements after the fact as if everyone didn’t know this was coming.
Yes. I was agreeing with you and ranting further, not trying to infer you didn’t get it. Sorry if that wasn’t clear.
No problem I’m not upset, I was just clarifying. We’re obviously both on the same page with this haha.