Arm to drop up to 15 percent of staff, about 1k people

Re:Arm to drop up to 15 percent of staff, about 1k people by redleader9345 on Tuesday March 15, 2022 @11:11AM (#30686296)

I've seen companies go on hiring sprees just prior to being acquired, which I don't fully understand. I guess the company tries to puff itself up to fetch a larger asking price? Guessing base cost factors in to sale price.

It's shitty, cuz their playing with people's lives. As soon as the acquiring company takes over, their like "what's with all these unnecessary people?"

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Re:Arm to drop up to 15 percent of staff, about 1k people by guiriduro on Tuesday March 15, 2022 @11:48AM (#30686806)

Maybe it is to create the 'inefficiencies' which the merger can then 'synergize' away, so that the acquiring execs can get bigger bonuses. Because I've yet to see one instance where real (non-stupid/contrived) synergies actually occurred as foreseen, but plenty of cynical M&A. Also plenty of absolutely atrocious dysynergies in corp history of course.

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Re:Arm to drop up to 15 percent of staff, about 1k people by scarface74 on Tuesday March 15, 2022 @08:18PM (#30693682)

Off the top of my head:

- Instagram/Facebook

- Next/Apple

- Beats/Apple

- LucasArts/Pixar/Fox/Marvel (maybe)/Disney

- MetroPCS/Sprint/T-Mobile

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