Acquisition Has Ruined This Workplace
Pros
Really some great people here. The culture of good attitude has somehow mostly survived the recent problems.
Cons
Where to begin. The company was acquired several months ago and there has been no transparency in the changes that have come down. In fact, there has been deliberate understatement and falsehoods regarding changes. After a round of layoffs in late 2017 we were told multiple times -- including the CEO during a townhall -- that we were all set for 2018. Two weeks into 2018, another 1% reduction to our 3,000 person workforce. Just as in late 2017, with zero notice or planning regarding the tasks those employees performed. The current C-level execs are corporate shill replacements for our formed executives who were held in high regard by nearly everyone. The only interactions with the new CIO have been him chiding the company for not making enough money. Every question he answers is pure corporate-speak. He essentially tells us there needs to be more internal competition for resources and we will be doing more work for the same amount of money. However, prior to the acquisition CB was basically debt free and still profitable. Our growth targets were not being met but we were still making money. This company is in the midst of the typically acquisition strategy. Saddle the company with debt and extract as much profit as possible. The new leadership was clearly chosen from the ranks of Apollo companies and have zero traits that the workforce admires.
