It’s literally the point, merging companies are a left join, not a full outer join. The entire point is to save money by removing overlap - anyone who doesn’t expect that has no idea how businesses operate.
It wasn’t that difficult of a call. Layoffs are common after buyouts like these. I am surprised they didn’t just blame it on “redundant roles”. (It was overused during the pandemic, I suppose.)
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.
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.
there is. this is at a large scale however. and involved cancelling projects. normally this happens because of redundancies in rolls (like QA for example, microsoft already has QA, marketing, stuff like that)
The whole thing was poorly managed and there’s nothing they can say now to tell a different tale. I hope the people who put any effort into it gets paid somehow.
Last year after I showed off my brother the Steam Deck, he decided to sell most of his CS:GO skins and purchase with the money the Steam Deck (but 64gb model). It was one of his best decisions, because he was thinking of getting a cheap laptop to play simple games and do simple web browsing.
Me either, although a few years ago I sold some weapon skins and loot boxes that I received from playing CS Go when it first came out for enough Valve bucks or whatever to buy a couple of new games!
As much as I like Valve, Valve is one of the major player bringing and normalizing Lootboxes into games. Even before the Lootboxes was a thing on smartphones, let alone before they arrived on other AAA games as well. I think this is the worst contribution of Valve to videogames. And this statement comes from someone who usually defends this company.
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