America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Steve Robinett who wrote (7783)	3/24/1999 3:32:00 PM
From: RocketMan	Read Replies (2) of 41369

Steve, I have never heard of an acquisition happening without unfortunate layoffs at one or both companies. The simple answer is that a merger will have duplicate positions, people doing the same job at both companies, and now only one will be needed. I don't know where the duplicates are at Netscape or AOL, but they might be anywhere from technical to administrative. This is part and parcel of a merger. Mergers also provide management with the challenge/opportinity of reorganizing along more efficient lines, and gives them a chance to thin out whatever positions they feel they no longer need. Not saying this is nice, but that it is normal. Once the reorg is over, they might get into the hiring mode again, heck they might even rehire the same people into different positions. I remember one time my wife went through a merger in her company, and everyone had to "quit" their job on paper, and allow management to decide who they wanted to "rehire" or lay off. Fortunately she was "rehired." That's just the way it is. The good side is that it is beneficial to stockholders, because the company improves their bottom line and gets more efficient.

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