Industry Consolidation: Not as Simple as it Looks

Transition also creates upheaval among the employees...many of them leave and go to competitors. This is good and important, from an industry vitality perspective, as many of them go to smaller companies. While it’s hard to shift from working for an industry behemoth to a smaller company, these employees often do well there, bringing a level of experience that the smaller companies could not normally attract. Many times, they bring customers. Because management in merged companies cannot give their employees immediate straight answers about the viability of their jobs, they will start looking for employment elsewhere. Often, it’s not that management doesn’t want to give a straight yes or no answer about the jobs of their underlings...it’s that there are no answers to give at that particular time. The managers themselves may not even be certain about their jobs.