Talk of mergers and acquisitions often incites dread for employees — and for good reason, since it may mean the loss of jobs and an irrevocably damaged work culture. But do acquisitions have to be destructive?
Over the last three decades, there have been more than 325,000 mergers and acquisitions transactions in the U.S., according to the Institute for Mergers, Acquisitions and Alliances. Most recently (and infamously), Elon Musk, founder and CEO of Tesla, acquired Twitter, garnering negative criticism after he laid off half of Twitter’s workforce, as the remaining employees reported 84-hour workweeks.
