Woolleybugger
Mayor
In my career, I have worked for only one massive company, Ericsson. All the rest were startups. Do you know what happened to those startups? Here is a rundown:
Company A: 100 million in sales, 150 employees, bought by Ericsson, no one still works at Ericsson, they absorbed it and in essence the company is gone.
Company B: 30 million in sales, bought by Bay Networks, technology absorbed into silicon, 100 employess, none of them are at Bay. Bay sold to Nortel, Nortel liquidated, no one works there anymore.
Company C: Merger of two other companies, 100 million in sales, 300 employees, sold to company D, none of the employees are there any more.
Company E: 100 million in sales, 220 employees, bought by competitor, 60% rif the day of acquisition, very few still work there.
This is typical.
Company A: 100 million in sales, 150 employees, bought by Ericsson, no one still works at Ericsson, they absorbed it and in essence the company is gone.
Company B: 30 million in sales, bought by Bay Networks, technology absorbed into silicon, 100 employess, none of them are at Bay. Bay sold to Nortel, Nortel liquidated, no one works there anymore.
Company C: Merger of two other companies, 100 million in sales, 300 employees, sold to company D, none of the employees are there any more.
Company E: 100 million in sales, 220 employees, bought by competitor, 60% rif the day of acquisition, very few still work there.
This is typical.