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montebelloMy rather large employer recently announced a merger with another rather large employer. Doesn't seem to really make sense from a business sense as they have no overlap, at least from my perspective, so I think it must be a make the CEOs richer and boost the stock price sort of thing. Both companies are large enough that it needs regulatory approval and who knows, there might be a shareholder revolt, though I doubt it. No idea how it will affect us regarding employment or benefits, but that's a ways off due to regulatory and shareholder hurdles.
In other news a local startup company that a few of my friends work at was just bought. I had contemplated applying there cause the culture is so cool, they bring in lunch, you can drink beer, people bring their dogs to work, etc, but the timing was never right for me to take the leap. That "merger" is actually an acquisition. Again I don't think it really makes sense, this time because they are direct competitors. From my perspective it looks like a bigger company trying to squash a littler one before the littler one overtakes them. Despite being a startup, my friends say they don't have much stock, so I can only guess it made the founders and venture capitalists rich. No one really knows what effect it's going to have. I hope my friends keep their jobs and some of the culture.
In other news a local startup company that a few of my friends work at was just bought. I had contemplated applying there cause the culture is so cool, they bring in lunch, you can drink beer, people bring their dogs to work, etc, but the timing was never right for me to take the leap. That "merger" is actually an acquisition. Again I don't think it really makes sense, this time because they are direct competitors. From my perspective it looks like a bigger company trying to squash a littler one before the littler one overtakes them. Despite being a startup, my friends say they don't have much stock, so I can only guess it made the founders and venture capitalists rich. No one really knows what effect it's going to have. I hope my friends keep their jobs and some of the culture.
