I was so happy when that company got acquired and the new company CEO showed up and announced that first level managers and below were all safe from layoffs, everyone above that was on a case by case basis, and "all executive staff were let go this morning, I saw no reason to keep those jokers around".
He was so right. Scored a lot of points there, never heard an executive of a large company say that so bluntly before.
I have been told that one FANG which recently underwent a firing round barely took a break from their hiring rounds, and already started sending emails asking for volunteers for interviews even to teams which have just been decimated.
One more story for the absurdity bucket.
It's not that way everywhere but man when you run into it, crazy.
It's a failure of management to hire correctly and/or manage and develop people. Management is broken and incompetent and relentlessly scapegoats those below them.
That wasn't my experience with the current layoffs at big tech. There was no effort to find positions for the engineers who performed well in the previous year(s). They just cut some orgs by the hundreds (I was in a call with 350+ other devs, many of whom are far smarter and more experienced devs than myself).
They just started cutting "weight" at some point, the "dead" adjective was dropped during the previous rounds of layoffs.
Nothing absurd here.
Maybe top paid management is simpler to replace?
I wonder if the managers who will become individual contributors again, will be paid the same or less
Needless to say that didn't go over well.
A year later they were all gone. And him as well.
¯\_(ツ)_/¯
Ahh, no. As I mentioned it didn't go over well. They had been mobbing me before and it intensified after. They were also blissfully unaware of what is legal and what is not, so pushing me out proved to be rather expensive.
If the emails are succinctly composed then people would complain that the announcements were too curt and don't try to assuage people enough.
So they might as well write what they want.
Ive never heard that and I’ve seen short emails and nothing at all.
Didn't the executives employ any anti-takeover measures?
Makes me wonder if the opposite could become fashionable: "I trust myself to fly without the golden parachute, you might want to make that part of your consideration". At first glance that sounds quite compelling to me, but on the other hand, would I feel safer or would I feel less safe with a Taxi driver who does not bother putting on the seat belt? I think my answer would be less safe, event though a part of me wishes to be one who'd feel safer.
I think more likely the new CEO's comment stemmed from that fact that 1. The old executive staff were in fact horrible at face value. 2. In between the time of the offer to buy the company and the closing the old CEO visited several locations presumably under the idea that he was there to keep everyone around / soothe the typical nerves about being acquired. But something else happened:
Instead he took snide shots at the acquiring CEO. He noted that he was surprised the new CEO hadn't visited our site yet.... when at that point the deal hadn't closed, they were still technically competitors. New CEO straight up couldn't visit.
I think old CEO was just a horrible person and salty he lost (mostly due to his own missteps) to his competitor.
But that was par for the course with old company executives. They seemed to operate thinking they were so smart and really were as transparent as could be, almost childish.
I generally feel disconnected / suspicious of executive staff... but these guys, they were human garbage as far as I was concerned, and I don't use that term lightly.
My Fav examples:
HR at one point sent out a series of long emails about a big change upcoming, but they didn't / would not say what the change was, it put a lot of people on edge. Then finally after the 5th or so email they announced that after HR spent thousands of hours in meetings and off site meetings ... they were renaming HR... that was it... it was like a joke, but they were serious. CEO and all the other executives of course had to reply all to congratulate them.
One of the last meetings with the OLD CEO had an open forum where people could ask questions about the acquisition. Old CEO seemed to give the impression he had some idea what he combined company would look like / could do. Someone asked where he saw the new company in six months/ what it might look like. He responded "I'll be in Banff sking." That was it, that was his response....
Sounds like something else was planned, and they pulled out last minute.
Or they were trying to spook 5% into leaving -- and did -- so they make some trivial change that means nothing and can be undone later.
Or you can do the opposite, like Boeing did: import all the managers of the firm you acquired (McDonnell-Douglas) into your own organization.
New CEO was Australian?
It was funny as when I met him a few times he responded the same way.
"You're from Minnesota? Can I talk to you about hunting? They told me I shouldn't do that in California ..."
I didn't hunt but I let the man tell his story ;)
I usually feel pretty disconnected from executive types and so on but I liked that guy. I liked him so much I was suspicious all over again as that's not how I feel about those guys usually. He was actually fun to be around.
Sometimes there are actually great leaders in the sea of self-serving assholes that populate the business world.
You are being manipulated. No. The previous executives are not "jokers" - they made massive profits selling shares. They are being let go because, after taking their massive profits, the new company will soon fire the rest of staff - and that is hard.
I didn't call them jokers, someone else did.
I called them human garbage.
