I've been stressing and worrying about layoffs every day - including weekends - long enough. I might not be ready to just walk away, but what I can do is prepare my resignation letter and start looking. It takes the desperation and rush out of a job search when you are already employed, so why not use it? But my mind is made up, I'm leaving soon. Enough is enough.
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After seeing what they did to other teams and how they treated us, me and six others I knew searched and found employment elsewhere while still employed there. You'd be stupid not to leave, and you'd be silly to leave before securing a new job.
The company shows no loyalty to you; it doesn't deserve yours.
Nothing is going to get better until management realised that you have to invest for the long term if you want to build world beating product. We have a few that are ripe for greatness and just need a bit more time. Let’s be bold and realise our vision.
I see the baleful eye of HR is here again... downvoting posts that only ever need an upvote. Useless, woke, twerps.
when you are owned by an outfit who claims to be a "diverse team of 360+ individuals" but are mostly Investment Professionals , whatya gonna get ?
if your company is not investing in people and projects then it will not survive. If it is always adding re ( imagining, optimising ) to words then it is rehashing old glories
NDS - Abe Peled - were builders , PE is the breakers yard and if not illegal then I would argue immoral.
Only when you’re unwilling to continue just simply existing, feeling unsatisfied and unfulfilled, will you make the effort necessary to make a change. Only when you’re unwilling to put up with the bu-----t any longer will you grab your shovel and start digging. At times there is no greater motivation to change than the unwillingness to do “this” any longer.
with private equity ownership then history shows it usually ends in tears for the workers. Google buyout barons, financial engineering , or Bernard Matthews and see what they did to that company .
"The private equity business model took its toll at Bernard Matthews, a family-owned poultry business founded in the 1950s. In 2013, a private equity fund acquired control for £25million and loaded it with secured debt from banks and parties. The loan from the private equity shareholders carried interest at the rate of 20 per cent per annum. In 2016, private equity sold the business assets and made a profit of £13.9million or a return of 56 per cent in a period of three years.
The liquidation is yet to be finalised and unsecured creditors – those lower down the queue to be repaid in an insolvency – who are owed a total of £134million are unlikely to receive anything substantial.
The pension scheme, with an estimated ho-e of £40million, has been rescued by the Pension Protection Fund, leaving some 700 members with a reduced nest egg, even though they made the required contributions in full. "
You want closer to home check out the fact the AA is now back in private equity hands having been cycled already . Permira et al sucked it dry first time around now a new set of vultures will have the bones
"The AA has agreed a £219m takeover deal that will return the motoring group to the hands of private equity investors, who will also take on its large debt pile.
The investors, TowerBrook and Warburg Pincus, said they would also inject £378m of new investment into the business.
The AA has endured a torrid time since its previous private equity owners floated it on the stock exchange six years ago at 250p a share, valuing the equity at £1.4bn. The shares hit a low of 15p this year as concerns mounted over its ability to pay off £2.6bn in debts.
The AA, which was founded in 1905 as the Automobile Association, had debts of £3bn when it floated in 2014. The private equity firms CVC, Permira and Charterhouse made £1.2bn in the float."
There is life after Sh!tnamedia. Take charge of your own future, don't leave it to this sort of mismanagement.