If you work for one of the smaller gp owned subsidiaries, do you have a president at your company who is an active participant in the company and checks in with dept heads?
I’m at a subsidiary and it feels directionless and other upper management folks are making decisions for our company that don’t seem to make any logical business sense
Are any of you experiencing the same thing ?
@11x That's the Global way. Buy, over-invest, slash and burn... then wonder why all the customers fled, revenue is plummeting and the legal pressure is building. Then they decide they need more money so they go out and buy up the next victim.
They have no interest in providing good products or services.
Just preventing any of the competition from doing so.
@z7 Happened to me.
The company was doing great. New products, innovations and the morale was great.
Then GP bought it and their first action was to layoff some of our most senior account managers and team managers.
I was part of a team piloting a new device in stores, I was being flown around the country for this. We had new stores everyday.
Then GP bought our company to get their foot in the door with our major client and somehow managed to convince them to try their product which just wasn't designed for our region/market.
They gutted the team that was working directly with this major client, while their new product fell very short of expectations and was buggy. The client lost faith and didn't renew the contract they've had with the company for the past 30 years.
In 2018 our company's main office had around 40 people in it, with many more in the field and other offices. By 2020 (before covid) we were down to around 10. By 2024 it was 5. I was laid off in 2024 and last I heard it's just 3 people now.
It's funny because when GP first bought us, they saw our new product taking off and moved our office to a newly renovated office/warehouse style building, easily 5x bigger than our previous location. They bought millions in hardware for this new product and filled the warehouse.
But as we settled into the new place, they started gutting us. All the millions of dollars of product in the warehouse sat there for years and when I was laid off they were still there.
Thanks for listening to my rant. As you can tell I'm still salty because I thought that place was going to be my forever job, and I didn't mind it as the pay/location/team/morale was good.
@vg that is what I think is happening. I don’t think the company I am with will exist at the rate things are going currently
If they’re making decisions, you’re special! Typically, when they acquire smaller companies they ignore them and let them flounder and die!
Same situation here. They have cut people we needed just because of a title or salary. The "leaders" , and I use that loosely, care about one thing. Not losing their job. They dont know our product, our customers. They dealt with school lunches. They want to know every day why more isn't done. They put on a dog and pony show at our conference, pat themselves on the back, but our clients are seeing through the smokescreen. Dont even get me started on the lies. If I am told one more time , its gonna be ok, globals not being sold, there wont be anymore layoffs. You are all so full of sh-t. So when I hand in my review and you tell me I am only meeting expectations, my signature will be GFY.