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CEO calls last-minute All-Hands to announce acquisition — employees fear layoffs and seek advice. Get suggestions on what to do next

CEO calls last-minute All-Hands to announce acquisition — employees fear layoffs and seek advice. Get suggestions on what to do next

A Reddit user said they work remotely for an engineering consulting company and received a sudden email from the CEO about an “All Staff Meeting.” The meeting email was sent at 5 pm on a Sunday, which felt unusual and unexpected to the employee. The meeting was scheduled for 9 am the next morning, giving employees very little time to prepare mentally.

The subject line of the email only said “All Staff Meeting” and did not explain the reason for the meeting. The Reddit user said this kind of company-wide meeting had never happened before in their experience. The user explained that the company usually holds small team meetings of 5–7 people on Monday mornings. These regular team meetings are normally used to talk about workload, company news, and training.

Company-wide meeting raises concern

The company has around 3,200 employees, making the all-hands meeting feel serious. The Reddit user said the meeting invite was sent to everyone in the company, not just a few teams. The user could see the meeting already added to their teammates’ Outlook calendars, confirming it was real. The employee said they are a fresh graduate and new to corporate life, which made the situation more stressful.

The user wondered if the meeting could be about layoffs, even though the company was still hiring. They mentioned that their manager had attended two job interviews just the previous week, which added confusion. After the meeting, the Reddit user updated their post saying the company had been purchased by another company. The user said they now believe layoffs may be coming because the two companies’ business models do not fully match.

CEO avoids clear answers

The employee noted that their boss looked worried and unsure after the announcement. During the meeting, the CEO avoided answering direct questions from employees. The Reddit user said the CEO’s spoken words sounded more positive than what was written on the slides. One example shared was that the CEO said, “Your jobs will remain the same.” However, the slide on the screen said, “No changes are expected for the foreseeable future,” which felt less certain.

The user felt the wording difference made employees more nervous instead of reassured. In a later edit, the Reddit user confirmed the company is ENTRUST Solutions Group. The user also confirmed that Leidos is the company that has acquired ENTRUST Solutions Group. The post ended with the employee seeking advice from others on what to do next, as fear of layoffs remains.

Source – https://economictimes.indiatimes.com/news/international/us/ceo-calls-last-minute-all-hands-to-announce-acquisition-employees-fear-layoffs-and-seek-advice-get-suggestions-on-what-to-do-next/articleshow/127728828.cms?from=mdr

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