2026-09-25 21:58 UTC
I worked for 6 years for a company. One morning, they announced the company had been bought out, and 50% of the staff was immediately terminated in that same meeting. All remote employees including myself were immediately gone.
The executives' shares and options were worth millions. The options the regular employees had were underwater, absolutely worthless.
The news had a field day, announcing how a Vancouver company had been sold for millions. There were press releases and celebration. No one talked about -- or knew? -- that 25 employees had been terminated. It certainly wasn't in the press release
We fucked over 50% of our employees to get here, but hey, we made millions!
Six years of extreme hard work at a startup, and I had a t-shirt and a mug to show.
Hadn't thought about it in a while. Guess I'm still bitter. #Startup
Replies (1)
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@JaneImber@mstdn.social 2026-09-25 23:47
@charette@mstdn.ca I worked for a corp that had undergone layoffs every time it changed hands. The last CFO told us on a Thursday afternoon to lay off 250 people on Friday. I said, "how about giving us the weekend to figure out how to do that without crippling the company." And I swear this is true, he said, "I want to come in tomorrow and see 250 bloodspots on the wall." I quit that day, after 13 years.