Got a job offer with company that is being sold? What does this mean?
April 16th, 2011 | 
Author: Question by junerune: Got a job offer with company that is being sold? What does this mean?
I just got a job offer at this subsidiary company (with 10,000+ employees) of a major financial institution. The subsidiary company was upfront about it being sold (no concrete buyers yet). When I asked what this means, the hiring boss could not answer and everyone is also on pins and needles. Company is still on bid, but what happens once it is sold? Will I be out of a job? What should I do?
Best answer:
Answer by mark
If a company is sold , as an operating business , and is profitable , then changes mainly occur in the upper management. However , if the buyre is already running a similar business and just wants the customers then it could be bad for employees.
If you dont have a job , and this is a good job offer then you may as well take it.
If you have a job and its safe and you like it then you need to decide if the benefits outweigh the risk.
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Usually the new owners retain much of the existing staff but do induct employees, supervisors and managers of their own choice. The existing owner is apparently hiring you as he needs to keep the business going. The business running well fetches good price.
Important thing to know is why the company is intended to be sold. Is it on the verge of bankruptcy or heavily indebted or is it incurring losses. Also have a look at the balance sheet of the company and its general reputation in the market. If the owner is selling for some other reason, the risk that you’ll lose the job is lessened specially if you are not working in a key position. But it all depends at the discretion of new management.