Company being taken over

[Yipper]

The academic research for decades has consistently shown that 50-90% of mergers and acquisitions fail...

Companies struggle to mash their culture, structure and tech.

Thus, it is highly likely something will go wrong and there will be disruption to your company and / or your role in the next 3 to 24 months.

So, it makes sense to "prepare for the the worst".

Get your CV and LinkedIn profile bang uptodate, remove any dodgy identifiable posts on Facebook etc., and start reaching out to various recruitment sites or recruiting firms, like Indeed, Agency Central, etc.

Don't hang about. The new owners won't hang about to play with their new toy.

[J4CKO]

elanfan said:

Also use the intervening period to get back on the tools and reaquaint yourself with the stuff you're rusty on. You might find things move slowly whilst they deal with the more important tasks of intergrating the two organisations. Could easily be a year before they get around to you.

Absolutely, databases are important but the priorities are networks, mail, storage, licensing, desktop etc etc.

[J4CKO]

Yipper said:

The academic research for decades has consistently shown that 50-90% of mergers and acquisitions fail...

Companies struggle to mash their culture, structure and tech.

Thus, it is highly likely something will go wrong and there will be disruption to your company and / or your role in the next 3 to 24 months.

So, it makes sense to "prepare for the the worst".

Get your CV and LinkedIn profile bang uptodate, remove any dodgy identifiable posts on Facebook etc., and start reaching out to various recruitment sites or recruiting firms, like Indeed, Agency Central, etc.

Don't hang about. The new owners won't hang about to play with their new toy.

Already been through a few, and divestitures, we are fairly adept at it as an organisation. They are always looking for cost savings but sometimes, you need to spend upfront to save money.

Going to look at the job market and see where the money is and pitch myself towards that.

The way I see it, I am there until I am not, if I get made redundant I will have some time to work on getting something but will do so in the meantime.

I dont do any dodgy posts on FB so that should be fine, I tend to keep it to trivial and non contentious.

Quite happy to stay, am hoping that is what happens, I figure they still need someone to do the work I do.

[xjay1337]

Yipper said:

The academic research for decades has consistently shown that 50-90% of mergers and acquisitions fail...

Companies struggle to mash their culture, structure and tech.

Thus, it is highly likely something will go wrong and there will be disruption to your company and / or your role in the next 3 to 24 months.

So, it makes sense to "prepare for the the worst".

Get your CV and LinkedIn profile bang uptodate, remove any dodgy identifiable posts on Facebook etc., and start reaching out to various recruitment sites or recruiting firms, like Indeed, Agency Central, etc.

Don't hang about. The new owners won't hang about to play with their new toy.

Is that figure true?

Usually companies aquire for technology and/or customer base rather than individuals.

I was at a very successful small business that got bought out (retiring ceo etc).
Within 12 months they got rid of something like 14 people (out of our original team of 70 odd).
And since then some very key workers have moved away. Customers are unhappy but tied into 3 yr contracts and the staff I know who work there hate it!

I hope it's better for the OP. Sounds very technical and fairly high level so quite a key member of the team.

I would probably hold out for redundancy though. If you can get a job within a month then the paid notice and statutory would be excellent. Small figures but when i got made redunant the time before last, I ended up around £1700 better off the next month.

(Lots of Dominos, hookers and car parts!)

[J4CKO]

I think I would get 15/16 grand redundancy in terns SRP and 3 months pay in lieu of notice, have a few weeks off, go to the gym, do some jobs, take stock and bone up on skill sets, then get applying, no news yet.

[anonymous-user]

xjay1337 said:

Yipper said:

The academic research for decades has consistently shown that 50-90% of mergers and acquisitions fail...

Companies struggle to mash their culture, structure and tech.

Thus, it is highly likely something will go wrong and there will be disruption to your company and / or your role in the next 3 to 24 months.

So, it makes sense to "prepare for the the worst".

Get your CV and LinkedIn profile bang uptodate, remove any dodgy identifiable posts on Facebook etc., and start reaching out to various recruitment sites or recruiting firms, like Indeed, Agency Central, etc.

Don't hang about. The new owners won't hang about to play with their new toy.

Is that figure true?

Usually companies aquire for technology and/or customer base rather than individuals.

I was at a very successful small business that got bought out (retiring ceo etc).
Within 12 months they got rid of something like 14 people (out of our original team of 70 odd).
And since then some very key workers have moved away. Customers are unhappy but tied into 3 yr contracts and the staff I know who work there hate it!

I hope it's better for the OP. Sounds very technical and fairly high level so quite a key member of the team.

I would probably hold out for redundancy though. If you can get a job within a month then the paid notice and statutory would be excellent. Small figures but when i got made redunant the time before last, I ended up around £1700 better off the next month.

(Lots of Dominos, hookers and car parts!)

It's a classic Yipper post i.e. a bold statement with a total absence of context.

The obvious question is of course is how does one define "fail".

I expect they haven't got that far yet in his sixth form business studies class.

[J4CKO]

Got told today that the bulk of IT staff will be made redundant, whole lot is being outsourced to IBM globally, no Tupe, either you get kept on in a small number of remaining positions or you get made redundant.

Oracle Support was listed as being in house, I am not sure whether than involves me or not, assuming not.

Can they just do that and make everyone redundant like that ?

[Hughesie]

J4CKO said:

Can they just do that and make everyone redundant like that ?

Yup, as long as they follow the redundancy process and you are not in scope for TUPE.

[garythesign]

Hughesie said:

Yup, as long as they follow the redundancy process and you are not in scope for TUPE.

Sorry to read this OP

I have read a lot of your comments on various threads and you sound like one of the good guys.

Hope things work out for you

[xjay1337]

J4CKO said:

Got told today that the bulk of IT staff will be made redundant, whole lot is being outsourced to IBM globally, no Tupe, either you get kept on in a small number of remaining positions or you get made redundant.

Oracle Support was listed as being in house, I am not sure whether than involves me or not, assuming not.

Can they just do that and make everyone redundant like that ?

Take the redundacy and find a new job.
Depending on how many people they are making redudnant or company size dictates the time they have to complete consultations by.

So you should know. That way you are free to start a new job outside of your notice period. Free money and straight "back" into work ;-)

[J4CKO]

garythesign said:

Hughesie said:

Yup, as long as they follow the redundancy process and you are not in scope for TUPE.

Sorry to read this OP

I have read a lot of your comments on various threads and you sound like one of the good guys.

Hope things work out for you

Cheers Gary, appreciate that sentiment !

[J4CKO]

xjay1337 said:

J4CKO said:

Got told today that the bulk of IT staff will be made redundant, whole lot is being outsourced to IBM globally, no Tupe, either you get kept on in a small number of remaining positions or you get made redundant.

Oracle Support was listed as being in house, I am not sure whether than involves me or not, assuming not.

Can they just do that and make everyone redundant like that ?

Take the redundacy and find a new job.
Depending on how many people they are making redudnant or company size dictates the time they have to complete consultations by.

So you should know. That way you are free to start a new job outside of your notice period. Free money and straight "back" into work ;-)

Cheers Xjay, my thoughts, possibility I may be kept on but not at all sure, wont be a massive amount in cash but would buy a fairly decent 135i

Going to use the next two months to brush up on my Oracle skills and get my CV out there, surprising how comfortable I am with it, was reading about a friend from school dealing with cancer and getting made redundant doesnt seem so bad any more, I am looking it as an opportunity as has got a bit stagnant there.

Got to be positive, got to have the mindset that somewhere I am the answer to some IT managers prayers for personable, reliable SQL/Oracle Senior DBA with a sense of humour.

[Jockman]

Did the Acquirer buy the shares or the assets of your company?

[J4CKO]

Jockman said:

Did the Acquirer buy the shares or the assets of your company?

Not sure, shares I guess, does it make a difference ?

[anonymous-user]

A purchase of shares is not a transfer of undertaking, because the identity of the company conducting the business remains the same . A sale of assets alone is not usually a transfer of undertaking. A sale of a business as a going concern is a transfer of undertaking.

[PaulV]

I'm not going to answer that question
Mark...... :-)
Good try.
Brave enough to ask about who gets the bonus?

Edited by PaulV on Thursday 25th January 11:42

[Vaud]

J4CKO said:

Cheers Xjay, my thoughts, possibility I may be kept on but not at all sure, wont be a massive amount in cash but would buy a fairly decent 135i

Going to use the next two months to brush up on my Oracle skills and get my CV out there, surprising how comfortable I am with it, was reading about a friend from school dealing with cancer and getting made redundant doesnt seem so bad any more, I am looking it as an opportunity as has got a bit stagnant there.

Got to be positive, got to have the mindset that somewhere I am the answer to some IT managers prayers for personable, reliable SQL/Oracle Senior DBA with a sense of humour.

It's a fairly buoyant market. Make sure you are up to speed with Oracle Cloud as a lot of customers are being "forced" on to it...

[J4CKO]

PaulV said:

I'm not going to answer that question
Mark...... :-)
Good try.
Brave enough to ask about who gets the bonus?

Edited by PaulV on Thursday 25th January 11:42

Ahhh, someone else on that call I see,

Had to be said,

For the rest, in a call about people losing their jobs by means of redundancy, when the HR person was asked whether the transfer was legal, the HR person said that the jobs were being transferred to India and that we were all welcome to apply and transfer to India.

I asked if it was appropriate to make facetious comments like that given the situation.

I am comfortable with the situation, they have to do what they have to do but I am not being talked to like that, it was rude, insensitive and disrespectful, perhaps if she had just said "Sorry, that came out a bit wrong" it would have all been good.


Which bonus ?

Edited by J4CKO on Thursday 25th January 12:17

[J4CKO]

Vaud said:

J4CKO said:

Cheers Xjay, my thoughts, possibility I may be kept on but not at all sure, wont be a massive amount in cash but would buy a fairly decent 135i

Going to use the next two months to brush up on my Oracle skills and get my CV out there, surprising how comfortable I am with it, was reading about a friend from school dealing with cancer and getting made redundant doesnt seem so bad any more, I am looking it as an opportunity as has got a bit stagnant there.

Got to be positive, got to have the mindset that somewhere I am the answer to some IT managers prayers for personable, reliable SQL/Oracle Senior DBA with a sense of humour.

It's a fairly buoyant market. Make sure you are up to speed with Oracle Cloud as a lot of customers are being "forced" on to it...

Yeah, Oracle are really keen on getting everyone migrated, no chance of people fiddling them on licensing and the meter is always running, we found that a lot of it wasnt really ready.

Edited by J4CKO on Thursday 25th January 12:10

[Vaud]

It isn’t. Light years behind.