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OUCH! My soon-to-be-former company decided to lay off the entire R&D division I'm in. Laughed so much it hurt, or maybe it hurt so much all I could do was laugh.
For the young engineers that maybe don't quite get what's going on here, let me explain.
This is a common tactic when the owners of a company are planning on selling.
The owners will slash R & D. The savings will then make the bottom line look better, thus making it look like the company is more profitable than it really is.
Slashing R & D doesn't negatively effect a company for at least a year or two. So the old owners are long gone before the disaster they created becomes reality.
Bottom line: when you see your company slashing R & D, lookout, they are probably getting ready to sell.
