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My company was recently acquired by a multinational corporation. Knowing that all IT was managed from corporate headquarters. I was concerned that my job was on the line. After inquiring directly with corporate I was assured my existing position was secure and I would not need to move, but 6 months later reality sets in and the rumor mill indicates I will soon be asked to move to HQ or look for greener pastures. So I ask SN, should I consider a move to an area with a higher cost of living (and under what conditions) or should I start the job search?
The twist: my significant other works in a different division of the some company, so it has been made clear that both of our salaries are affected by this decision.
There has to be oodles of experience in the community with what typically happens to staff subsequent to a buyout / merger / acquisition - any gems of wisdom?
Original Submission
(Score: 2) by microtodd on Saturday July 18 2015, @04:36PM
I don't know how big your company was before the buyout, and how well-run it was. Was it a great place to work for? Good bosses and leadership? Good benefits? A culture that takes care of its people?
I don't want to be too pessimistic but I've been through it three times and yes, PizzaRoll is right, the new multinational is probably going to degrade the quality of the company. That's just how it works. Its sad and it sucks but that's how it works. Your company was bought because they have some IP/tech, some segment of the market, or some particular customer that the multinational wanted. Unless you're a superstar or a leader at the company then the multinational doesn't really care about you that much. If you're a key engineer on some contract or technology then maybe they'll want to keep you happy but if you're just a regular shmoe like most of the employees then your job probably isn't all that safe. Your company was just a resource to impact the multinational's numbers, and you are just numEmployees++ to that multinational. Sorry if this bruises your ego but that's the truth about big companies.
Keep in mind I'm just making broad assumptions based upon my experience.
It may not be all doom and gloom. Maybe the new parent company has more positions available around the world that you can now lateral in to. Maybe they have more training budget so you can learn some new tech. You need to probably look into these things as well.
But as someone else said in this story, the REAL answer comes from you and your spouse's personal impacts. Do you have kids? Are they in school in the area? Lots of friends? Family? A house you love? Do you like the new area? Is the move just like, 1 city over or across the country?