You should know that a lot of companies engage in performative hiring processes. They post jobs and accept applications to create the appearance that they are hiring. It could be to send a message to investors, or competitors, or current employees. If you find yourself in yet another round of group interviews with potential team mates, consider that maybe you’re the show and they are the audience. “Look what we could have instead of you. Look how eager people are to work here, younger, cheaper, more qualified. We are in control of this situation.”
My small company (~120 employees) got swallowed by a giant whale (rhymes with “Crisco”) of a company like this. Except that everybody in the original small company got laid off six months later, and we had no assets whatsoever except for the “talent”. Crisco even got stuck with the lease for our recently-renovated office and had to buy it out. Our C-suite got large stock awards when we were acquired but they all got dismissed, too. I have no fucking idea why it happened.
Yup. Either eliminating a competitor, or getting ahold of some obscure patent that they don’t want to be stuck leasing indefinitely. Or they want to be the ones to lease the patent for exorbitant amounts, and they’re willing to write off a short term loss for longer term profits.
You should know that a lot of companies engage in performative hiring processes. They post jobs and accept applications to create the appearance that they are hiring. It could be to send a message to investors, or competitors, or current employees. If you find yourself in yet another round of group interviews with potential team mates, consider that maybe you’re the show and they are the audience. “Look what we could have instead of you. Look how eager people are to work here, younger, cheaper, more qualified. We are in control of this situation.”
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My small company (~120 employees) got swallowed by a giant whale (rhymes with “Crisco”) of a company like this. Except that everybody in the original small company got laid off six months later, and we had no assets whatsoever except for the “talent”. Crisco even got stuck with the lease for our recently-renovated office and had to buy it out. Our C-suite got large stock awards when we were acquired but they all got dismissed, too. I have no fucking idea why it happened.
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Sometimes the purpose of your acquisition is just to eliminate a competitor.
Yup. Either eliminating a competitor, or getting ahold of some obscure patent that they don’t want to be stuck leasing indefinitely. Or they want to be the ones to lease the patent for exorbitant amounts, and they’re willing to write off a short term loss for longer term profits.