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Has it ever been a good thing for the workers when their company gets bought by another? Seems always universally bad. (hexbear.net)

submitted 1 week ago by Guamer@hexbear.net to c/askchapo@hexbear.net

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You never hear "Aw man, the new owners are awesome! Everything's so much better now!", it's always a downgrade, usually a significant one. It's never about improvement and always about cutting costs and leaving the buyee company to die.

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[–] Thallo@hexbear.net 14 points 1 week ago* (last edited 1 week ago)

Last two places I worked got bought out within my first year, so I got to see the same degradation process twice.

People who had no idea what made the place successful in the first place trying to squeeze profit while destroying long term sustainability

Just capitalist things.