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by s17n 2186 days ago
I'm assuming that Amazon is offering retention packages to the employees, otherwise, why would they bother acquiring the company?

Early employees who were dreaming of a windfall aren't going to get one I guess, and anyone who left the company or was fired and exercised is totally screwed.

1 comments

Right, but how great are those packages gonna be when Amazon (renowned for their stunning committment to worker's rights and freedoms, /s) knows that anyone who doesn't take their offer will join the ranks of the 'totally screwed'?

The typical result of M&As is, by and large, that the workers lose.

If you're buying an established business, then yeah most likely it's not gonna go well for the employees, since your whole thesis is that you can extract more profit post acquisition then pre acquisition.

That's not what's happening here, though - Zoox's assets are worthless without their employees, so its in Amazon's interest to not screw them over completely.