been there!
Well, if only focus on the bad stuff mentioned (and much more) would describe my company's merger.
Big conglomerate, buys us and our competitor, Not so well performing company and great performing company, mergers both, keeps low performing company exec team.
Great performing company had all its employees engaged in the decision making and running the company. Now only VP and above makes all decisions even technology, which sometimes replaces already working good with something bad, then eventually gets scraped because someone higher up saw it somewhere else or read about it.
Were expected to consolidate all redundant systems in one year, was decided without asking anyone how can do it. then was 18 months, now many years later, a few but not most.
For one, they saw it as having twice the staff, so some had to go, not accounting for twice the systems and devices and applications, now understaffed projects got behind. Having the redundant systems remaining they did not realize the cost saving quick enough, more people had to go, more project got behind, no more consolidation.
Now, are outsourcing many IT operations and other company AP, billing, etc but were keeping key personnel. The ones that are good, are leaving regardless now, way many more than the company thought would, and they are puzzled as to why.
The comments from the top are the company will meet EBIDA numbers regardless, this is their only focus, and will be as they one day are going out of business, and they still not know why.
I am looking forward to getting in with another start-up, innovating, growing company and not looking back.
