Re:“Oracle laid off all Solaris tech staff in a classic sile...
by pm90 on Sunday September 03, 2017 @08:00PM
(#15164687)
> order to reap M&A tax benefits while squeezing the engineers.
This is true also of companies that are taken over by private equity firms, although that is probably common knowledge by now. e.g. every single one in my team at Rackspace has left for a different role (all at different companies, all at different times) after being acquired by PE firm.
Sometimes I wonder how the engineers can't see this coming. Sure there are cost savings to be made by streamlining product offerings, cutting the "recreational budget" etc (i.e. money for office parties). But the biggest cost center for tech companies are its employees (probably that and real estate).
This is true also of companies that are taken over by private equity firms, although that is probably common knowledge by now. e.g. every single one in my team at Rackspace has left for a different role (all at different companies, all at different times) after being acquired by PE firm.
Sometimes I wonder how the engineers can't see this coming. Sure there are cost savings to be made by streamlining product offerings, cutting the "recreational budget" etc (i.e. money for office parties). But the biggest cost center for tech companies are its employees (probably that and real estate).