What I don’t get is that most of these acquisitions are reviewed by a govt body somewhere. And every single company trying to buy or sell another always says it will support growth of the business, but that is literally never true. There are always layoffs; sometimes right away and sometimes 6 or 12 months later, but they always happen. How companies get away with claiming the sale will create jobs and people are surprised when they turn around and do layoffs is totally beyond me.
What I don’t get is that most of these acquisitions are reviewed by a govt body somewhere. And every single company trying to buy or sell another always says it will support growth of the business, but that is literally never true. There are always layoffs; sometimes right away and sometimes 6 or 12 months later, but they always happen. How companies get away with claiming the sale will create jobs and people are surprised when they turn around and do layoffs is totally beyond me.