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Has it ever been a good thing for the workers when their company gets bought by another? Seems always universally bad. (hexbear.net)

submitted 5 days ago by Guamer@hexbear.net to c/askchapo@hexbear.net

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You never hear "Aw man, the new owners are awesome! Everything's so much better now!", it's always a downgrade, usually a significant one. It's never about improvement and always about cutting costs and leaving the buyee company to die.

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[–] hellinkilla@hexbear.net 15 points 5 days ago

Big Bill Haywood put it simply: "If one man has a dollar he didn't work for, some other man worked for a dollar he didn't get." (I'm sure Marx said it more comprehensively.)

If your company is bought and the old owners make money, it comes from somewhere.

There are probly scenarios where some or all workers get an upgrade but it is an exception/fluke outlier rather than a likely situation.