Prohm Fired

[marothisu]

We are not downsizing. We're moving all of the local jobs to China, but there are still going to be the same number of jobs.

Lol yeah exactly. Or something like "Our numbers aren't actually down if you go back 3 more months..we are actually up"

My soul actually dies a little everytime I have to spin something on some small technicality. However, sometimes it has to get done. We recently went through a big re-org. Tons of rumors going around. Some true, some not. Morale was going down because people thought there would be lay offs. Nobody under me was getting canned but I basically had to pull a Jamie and say "if you didn't hear it from me personally then please do not pay any attention to it." I told them nobody on our teams is getting laid off. However, other teams had some people getting laid off. I didn't lie in saying nobody on my teams is going, but what if I told them some team at the other end of the building has a few going? I needed everyone to keep being productive and focus on their jobs, and know they were safe.

 

[RustShack]

A lot of posters seem upset the info on the premium board shared with them was flat out wrong.

huh?

 

[Cloneon]

Lol yeah exactly. Or something like "Our numbers aren't actually down if you go back 3 more months..we are actually up"

My soul actually dies a little everytime I have to spin something on some small technicality. However, sometimes it has to get done. We recently went through a big re-org. Tons of rumors going around. Some true, some not. Morale was going down because people thought there would be lay offs. Nobody under me was getting canned but I basically had to pull a Jamie and say "if you didn't hear it from me personally then please do not pay any attention to it." I told them nobody on our teams is getting laid off. However, other teams had some people getting laid off. I didn't lie in saying nobody on my teams is going, but what if I told them some team at the other end of the building has a few going? I needed everyone to keep being productive and focus on their jobs, and know they were safe.

I heard the same crap a year ago. Not only from my manager, but his manager and the CEO. It was BS through and through. In my 50+ years of experience 'mergers' ALWAYS result in reduction of staff. Why? Because CEO's are never prepared with a good plan to merge resources for growth. Find me one single merger where there weren't layoffs. Keeping that balance sheet pretty is important. For all the crap thrown at JP, he does one thing very well; manages his balance sheet.

 

[CyLyte2]

I heard the same crap a year ago. Not only from my manager, but his manager and the CEO. It was BS through and through. In my 50+ years of experience 'mergers' ALWAYS result in reduction of staff. Why? Because CEO's are never prepared with a good plan to merge resources for growth. Find me one single merger where there weren't layoffs. Keeping that balance sheet pretty is important. For all the crap thrown at JP, he does one thing very well; manages his balance sheet.

There’s always reduction in staff because of redundancy.

 

[Cloneon]

There’s always reduction in staff because of redundancy.

Very bad excuse. VERY! A well run company expands its operations in its purchase plan to accommodate the need for your so-called redundancy.

 

[WhoISthis]

Very bad excuse. VERY! A well run company expands its operations in its purchase plan to accommodate the need for your so-called redundancy.

Good lord.

M&A activity is often for removing market participants, not because they need more employees to expand.

 

[madguy30]

This thread has a lot.

 

[CyLyte2]

Very bad excuse. VERY! A well run company expands its operations in its purchase plan to accommodate the need for your so-called redundancy.

And then we come back to reality. You must have been redundant.

 

[Cloneon]

Good lord.

M&A activity is often for removing market participants, not because they need more employees to expand.

You're also purchasing a customer base. And, of course, per what you said removing 'competition'. Which is the hallmark of monopolies. We could go back and forth as to the validity of your claim. It is true, but not necessary. It's only to appease the financial market and for immediate 'show'. Proper strategies are more extended. Thus reducing the likelihood of good 'ol boy retention.
For those who posted 'dumb', I'd like to know your credentials on such matters. Were you the bad boy CEO of a merger? Are you basing your response on your credible education? If you haven't been in the work force for 50 years and experienced the incredibly 'poor' results of mergers (at the expense of people's livlihood), then your response is null. For every one 'good' CEO, I'll show you 10 bad ones. At our helm, we have a very good CEO (ie AD). If you can't see that, you're too young to have common sense or too old to remember having common sense.

 

[Clonestarred]

You're also purchasing a customer base. And, of course, per what you said removing 'competition'. Which is the hallmark of monopolies. We could go back and forth as to the validity of your claim. It is true, but not necessary. It's only to appease the financial market and for immediate 'show'. Proper strategies are more extended. Thus reducing the likelihood of good 'ol boy retention.
For those who posted 'dumb', I'd like to know your credentials on such matters. Were you the bad boy CEO of a merger? Are you basing your response on your credible education? If you haven't been in the work force for 50 years and experienced the incredibly 'poor' results of mergers (at the expense of people's livlihood), then your response is null. For every one 'good' CEO, I'll show you 10 bad ones. At our helm, we have a very good CEO (ie AD). If you can't see that, you're too young to have common sense or too old to remember having common sense.

You both are correct to some extent. In my industry, we were expanding our offerings but also acquiring a customer base to expand our original core competencies into. We were also positioning ourselves for a future move to cash out.

 

[WhoISthis]

You both are correct to some extent. In my industry, we were expanding our offerings but also acquiring a customer base to expand our original core competencies into. We were also positioning ourselves for a future move to cash out.

Have you read his ****? He thinks there should be NO layoffs in M&A. There’s no such thing as redundancy. He’s nuts.

 

[Clonestarred]

Have you read his ****? He thinks there should be NO layoffs in M&A. There’s no such thing as redundancy. He’s nuts.

There have been times when job functions weren’t duplicated but more often than not they are. Our duplication was heavy in business development but there were a number of executive level folks that were transitioned out. You are right that consolidation is generally the norm.