Hurtsdo
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638
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#ughnotthisshitagain
Quarterly company meeting today, we thought we were going to talk about an exciting new year ahead after being the most profitable organization in our rankings two years in a row.
Owner opened meeting announcing he's selling and our last day is February 1st.
It's 50 jobs being lost in total, saddest of all is the overwhelming majority of us who love our jobs. Especially me!! This was my dream job, kinda fell into my lap after I had to let go of my last job during the pandemic. I was always so thankful for everyday being there and my work was appreciated in return. It's just a job, but there is something special when you can easily pay your bills and feel fulfilled at the end of the day by your work. Plus it was so fucking fun with amazing coworkers!!
Such a mixed bag of emotions right now.
Shit.
iamjackscompletelackofcompassion
I will never have a dream job, because my dream is to not have a job
Ronelyn
Been there, multiple times with multiple dream jobs. It stung each time, but I found new jobs, dreams, and dream jobs. I hope it's similar for you. *hugs* It's important to mourn, but I hope you find a good future soon. :)
derekjohn
All of you remember for the future just exactly how much your managements value and support you when there's more money to be made elsewhere
JarJarDrinks
Why I choose a career with at least the option of self employment. The work is harder and the responsibilities greater but at least it is a guaranteed job.
Hurtsdo
I agree, I did for 20 years and I most likely return to it.
vectorsigma211187
Welcome to the machine
VirtualHugger
Hurtsdo
Thanks, received!
Yufer
I lost my dream job as well about 7 years ago my current job is okay but i hope some day i can really enjoy what i do for work again while making more than enough to live.
JayEnfield
Where's that post where all the employees spend the last day of work doing nothing but write recommendation letters for each other?
xj4low
Some people never get to work their dream job. I'm in my mid 40's and there is nothing I have ever done that would excite me to go back to doing. All my jobs have been out of necessity and what I could find.
FromTheBeyond
This sucks, and a crappy time of year to announce it, right before the holidays. Shame on them for not finding a deal where people kept their jobs. That said, sorry to hear it, but there will be another opportunity and you’ll probably end up better off than you were. Good luck!
CrispyNougat
Unionize
BanditKablooie
I've written resumes and part of my day job for almost two decades across a boatload of industries. DM me if you'd like a review. I don't charge Imgurians who are between or soon to be between jobs.
HeHeHebieJeebies
Perfect opportunity for you and coworkers to offer services to the new company. Typically there are pieces / parts of the operation that are too skill intensive or monotonous to fit well into corporate culture. Specialize in the shit job you know they will stumble with. Corps roll up companies thinking they can handle everything and months later it's a shitshow because what they pay attention to is not always what the client needs. Throw the offer out - you already don't have the job.
GnikNella
I’m almost scared to ask but if you’re in the US are you legally entitled to redundancy pay?
GrinAndBear
I can't even imagine loving a job, let alone being laid off from said job, that sucks. I'm scared of being laid off from this job I don't even like. I'm 40 years old and have relinquished the idea of ever loving a job....I hope you find another one that you enjoy just as much.
RandomQuack
What is the job? Where do you live?
Wiedzmak
No such thing as a dream job. Fuck corporations. You mean nothing to them.
Silverbananahorse
Over a year for me now and I still have a burning hatred for the old owner/boss. Small company we built together and he did the same thing. Fuck you, Rafi
Starfury42
When the new company needs something from you - contractor rates are 4x your old rate, 8 hr minimum, paid in cash up front.
FishHiggins
Yup - that’s the way it goes.. least you got two good years more than some people so..👍
manystripes
You can frame it as being one of the lucky ones to get laid off in this case, instead of finding your dream job and then watching your dream job get morphed into yet another corporate clusterfuck. You're now free to find the next dream job, where your old coworkers are just going to find their jobs progressively less and less dreamy
veritas1980
been there, 3 times.
1eudaemonia
owner cashing out on their employees hard work. tale as old as time.
KAPTKipper
I bet that in a month there won't be many left. Good luck all
ScottHitz
Happened to me years ago. New company bought my old company and “awarded” me my old job (which I didn’t want) because I had experience with both cultures. I left for a reason.
ThingsThatDontJustifyGenocide
@OP, the owner got a huge paycheck... and never face a fuck about y'all.
oarttam
Say you own it and decide to retire, what would you do? Give it away or sell the company?
ThingsThatDontJustifyGenocide
Employee-owned. Sell or give, either way it should go to the people who made it successful. And as the owner, it's presumable that I profited greatly from their labor, so they have already bought it in truth.
ThingsThatDontJustifyGenocide
(I wanted to more fully explain my answer, sorry for the double-notification)
Imnotasithlord
The same thing happened to me a few years ago. I found my dream job and thought "I could stay here for another decade at least!" Company's funding got pulled and 80% of the people were laid off the day after Thanksgiving break. It took time to reset, but when it did, I landed in an even better job - a dream of dreams job. Hang in there. It's okay to be sad and upset - give yourself time to reset - try to enjoy the holidays. Then get back in there. Best of luck!
JasonianCarrot
Word for word, just happened to me. Laid off 2 weeks ago just short of 2 year anniversary, 1 day warning.
slidewhistlesymphony
Sucks, huh? This happened to me in 1999. The bastards that bought the company I worked for closed us, and laid us all off. <3
cttypo
A lot of us have similar stories. Worse part is you rarely see the people you enjoyed working with. 😕
Hurtsdo
Thanks, I know in time it will be faded, for now it does suck!
slidewhistlesymphony
So many companies buying other companies, and so many greedy bastards willing to sell out. It makes no sense at all.
oarttam
Lots of company owners reaching retirement age and deciding to sell when they retire. What else can they do? Give it some thought.
slidewhistlesymphony
On the bright side, my layoff led me to start my own business, which I ran successfully from then to 2014. Cash in my pocket for 15 years!
vlej
if it's a business with accessible barriers to entry, get together with those colleagues you like, set up, and compete the fuck out of your former company
Hurtsdo
Ironically, that is the origin story from 35 years ago. It's being absorbed by a multi- billion dollar enterprise. Pretty much met the final boss endgame.
UWAGAGABLAGABLAGABA
If you haven't signed a non compete contract, don't sign one now
UWAGAGABLAGABLAGABA
Actually, don't sign anything from this point forward.
Sxualhrssmntpanda
Time to do it again and sell it, but for more.
vlej
actually, unless it's impossible for real, being absorbed by a multinational is a perfect opportunity to set back up as a lean and mean business that can innovate and uses its experience to differentiate and their contacts to kickstart
Hurtsdo
You're right no doubt! If I could disclose what company/industry it is (it'll be public knowledge within 30 days unless someone leaks it), it will be really obvious why it's not possible to overtake/resurge.
spookyactionatadistance
Chia Pet has been bought by Blackrock. Never thought I'd see the day
vlej
then best of luck for whatever the future may bring
BoofBoofPass
Neti Pot is finally gunna buy out Navage! It's been right under our noses this whole time...
dilliosaurus
Obscure reference and solid pun in one comment?! 10/10 from me
MeowWoof
Amazon is buying Nvidia?!?!
Foxsayy
No way it's enjoyable to work at Nvidia.
BREED09
Dang, now I am curious.
youcanreachmenow
Why is everyone being let go? Many companies are not worth much without the human capital...
viila
If it's a tech company, it could be acquired just for their patents and IP. Say Sony wants to make a new type of display that PodunkTech invented and patented. Sony decides buying PodunkTech is cheaper than licensing the patents. Do you think Sony wants to keep PodunkTech around instead of just making those displays themselves?
invenio
It could be just for the brand. Like if Coca Cola bought Pepsi. They could probably make all the extra soda in their current Coca Cola factories and wouldn't need Pepsi employees.
kilaithalai
It used to be called labour
W92Baj
Human capital is more accurate as they are often what makes the company what it is, not just moving things around
WellWellWellLookWhoItIs
Big companies often buy small companies just to kill the competition.
BoobsAreSoMuchFun
Or acquire patents
WellWellWellLookWhoItIs
Ooh, yeah, that’s a biggie
Dannyalcatraz
And trademarks and copyrights. Or trade secrets. Or rare/unique assets.