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I've seen it 3 times. So now if a company I work at sells to another company, I quit.
When this happens, senior staff get layed off. The hard workers finally get the promotion they've been slaving for and never getting!*
*The hard workers are now middle management. Big company is trying to leverage their social standing in the company to deliver their morale killing new standards.
Hard workers will 'underperform,' even if they don't. They'll be replaced by someone the new parent company hires. (likely the wayward son of one of their VCs)
Nobody will like this person. They don't know anything about how the company used to work, and they're going to tell you how all the changes are gonna be great.
This will widen the divide between senior management and the 'boots on the ground.' The remaining talent that didn't get promoted and fired or played off will find new work. Soon your company will be a few dozen 20-somethings making $18/hr to do a job that you used to get paid $75k/yr to do.
All for the shareholders.
Edit: if this is your current situation, just bail. You're not being setup for a career. You're being set up to be taken advantage of.
This is one of the reasons I don’t leave my job even though I don’t love it. I have job security out my ass, it’s a huge company that has almost no chance of being bought (I think we’re the biggest company in our field but maybe 2nd), the pay is good enough and there’s no asshole middle management. I’m absolutely willing to do boring work for the rest of my life and not have to worry about that kind of stuff.
lol I'm a web dev in a union. I pay less than $1000/yr for healthcare.
I'll leave for, maybe, a 100% pay raise.
Maybe.
Feeling this hard right now. I’m gonna stick it out and see it until the end though while keeping my options open.
Start looking for work while you still have a job. You'll be in a stronger negotiating position and employers know that