I've seen this happen. I worked at an extremely efficient company that had a great product. We got acquired, and within months, were part of the acquiring company's yearly mandatory layoffs. They fired a bunch of (apparently random) people to meet the quota. This absolutely destroyed us. Morale was just gone.
Within six months, about a quarter of our employees, mainly top performers who could easily find other jobs, left voluntarily.
The whole thing self-destructed within another year, and the product we worked on was abandoned.
Within six months, about a quarter of our employees, mainly top performers who could easily find other jobs, left voluntarily.
The whole thing self-destructed within another year, and the product we worked on was abandoned.