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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Steve Robinett who wrote (7783)3/24/1999 3:27:00 PM
From: stock_bull69  Read Replies (1) | Respond to of 41369
 
Have you ever heard of job overlapping? When one company is acquired by another there will be job duplications and layoffs. Heck, when WCOM bought MCI, which was a bigger acquisition than NSCP is to AOL, they laid off quite a few folks (about 3000) and nobody claimed it was due to slowing growth! Give me a break!

Steve



To: Steve Robinett who wrote (7783)3/24/1999 3:32:00 PM
From: RocketMan  Read Replies (2) | Respond to 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.



To: Steve Robinett who wrote (7783)3/24/1999 3:33:00 PM
From: Annette  Respond to of 41369
 
No, some employees were probably redundant...or maybe they were just disposable! What a better time to get rid of the slackers. Sometimes trimming a workforce makes things efficient!



To: Steve Robinett who wrote (7783)3/24/1999 3:59:00 PM
From: tang  Respond to of 41369
 
Steve Robinett, you must be a kind man but ...



To: Steve Robinett who wrote (7783)3/24/1999 7:01:00 PM
From: Bridge Player  Read Replies (3) | Respond to of 41369
 
<< A company that
foresees growing at that rate is usually hiring people, not laying them off. Maybe they
think that torrid growth rate might slow more than a tad in the immediate future. >>

Uh-oh. Another cautionary comment on the AOL thread. That makes 3 so far. Surely this is not about to become a trend.........

BP