Nah, acquisition layoffs come from when you’re shopping your company around, and there’s a deal on the table, but you need that extra 7% of profit. Sweeney would need to be shopping for that to happen. As it sits, they’d probably have to pay him a premium in their own stock to make it happen.
The entire tech and games sectors are shedding like fuck because everyone else is. You normally can’t drop 10% of your staff without pissing off the public and scaring investors, but when all the competitors are doing it, it’s just the market correcting. The investors are clamoring for this.
Nah, acquisition layoffs come from when you’re shopping your company around, and there’s a deal on the table, but you need that extra 7% of profit. Sweeney would need to be shopping for that to happen. As it sits, they’d probably have to pay him a premium in their own stock to make it happen.
The entire tech and games sectors are shedding like fuck because everyone else is. You normally can’t drop 10% of your staff without pissing off the public and scaring investors, but when all the competitors are doing it, it’s just the market correcting. The investors are clamoring for this.