Recently, they laid off several employees (and many of whom I considered my friends). They claim it is not motivated by the acquisition, but it clearly is. In our meeting, they said it was about position, not performance (this was their way to get out of having to do actual performance reviews). Publicly they said that they wanted to keep their best performers...but wouldn't this require a performance review that I know many people laid off didn't get?
People laid off that had been here for over a year had only gotten a portion of their acquisition share, and guess who pockets the rest? That's right. Sir CEO. Not very fair, eh? On the outside, "generous", on the inside, they steal that money back from the employees that do all the work.
Also, the way they picked and chooses who to lay off was almost amusing. They kept their friends that had jobs with positions that normally would have been eliminated. How did they keep their jobs? They moved them to a different department or position first so they could be safe! Whew! They kept their friends safe. How sweet. Everyone else, not so lucky. Really??
I never thought I'd see such a bogus turnaround from this CEO. I still can't believe my eyes and ears.
Nobody feels their job is safe. Well, except the friends of the upper inner-circle.
