I was just offered a position at FSS. I'm wondering if it is a smart move to take it?
Does the sale to Francisco Partners increase the chances of layoffs or decrease? I need some guidance on making the decision, as I will be leaving another company if I accept.
When FSS sold it was set up as two business groups; one being the software part of the business and the other the "content", which encompasses everything else from books to digital content. The software side is lead by Francisco Partners and the content by BF. This to me appears to be preparation for a business split. Given Francisco Partners expertise leans to the technology side of things, if your job is on the software side, you're probably safe. If the job is the content side, I won't be surprised to see it sold off eventually. No job is guaranteed and "sold off" doesn't mean it goes away. Good luck.
So the real question, has the new owner approved filling the position?
Or, will you come on board only to be riffed in two months?
I would ask before I joined. There is no guarantees but I would ask first.
Does Francisco Partners have a good track record of retaining employees or do they tighten belts to increase profits? If it was me, I'd be worried about what happens after the 1st of the year, I think.
It doesn’t matter what position you were offered. It’s a good move, hands down! Francisco Partners is an investment firm so they bought FSS to make money. They do not have a “sister” business along the same lines of FSS so they won’t be replacing the people that came with the company. If I were you, I’d take the position. It’s a “brand new company” and the current employees have the potential to put their STAMP on the business.
What position were you offered?