Corporate restructuringHi, Just wondering if anyone has ever experienced this...I have been interviewing with a company that is in the middle of a corporate restructuring process. I was told in the interview that this was something that they were going to do, but that the position I was interviewing for would be hired regardless of how the corporate structure ended up. I have followed up a few times and been told that they are still in the middle of restructuring and given new times to check back in. Has anyone been through something like this? Yes I have several times and I can tell you that you should not rely on what you were told. Corporate restructuring takes a long while (not days but months). Whenever corporate restructuring occurs, it usually means that there will be jobs eliminated. Also, some companies hire folks just to get them in to help clean up the mess until the restructuring process is completed. There are no guarantees of a position regardless what they told you. Do not limit yourself with this particular company. Go out there and apply for other jobs too. Corporate Re-structuring - NO; Merger - Twice; Division Dissolution - Once As far as the Division Dissolution everybody lost their jobs but, since it was a government agency I was given the option of picking out another department I would like to work in. In both of the mergers, everybody's jobs were re-evaluated. For one of them, the company worked for was the buyer of the other company and we were told we would all keep our jobs but the workers of the other company were in danger of being downsized, eliminated or they could quit. With the other one, we were the company being boughtout and were all told to leave. In both cases, there was a hiring freeze until everything was settled. I have always thought that Corporate restructurings would be a little like a merger in that everybody's jobs are being evaluated and the possibility of downsizing and/or job elimination was imminent. I wouldn't think that this would be thetime to hire for a position or create another one. Some of the employees already working there would have the first crack at the new job. I wouldn't put too much faith in any one company anyway. Not until I had a firm offer and I had filled out the paperwork associated with new hire. Thanks for your replies. I am continuing to send out resumes--I have learned not to believe it until I see it. It is a small company and they are growing, so I think they are just trying to figure out who will be in charge of what instead of eliminating large groups. Hopefully it will work out, but if not maybe I' ll find something even better. Yes, I've been through before in my career, and so I can relate to your situation. Depending on the scope of the restructuring, it can takes weeks, months, or even years. I'm sure that some interviewers wouldn't mention this to an applicant for fear that it might scare them off, so it's nice that yours was honest with you. But my professional advice to you would be to ask questions on how this might effect your job. For instance, will job duties possibly change? More being added? Some being taken away? What about the people for whom you'll be working? Will that change? My point is that since you already know they're going through changes, it's important to know what impact this may have on you. Otherwise, you might be throwing yourself into the fire so to speak. | |
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