What do you do when you learn your company is about to be merged with a giant conglomerate, sold to the highest bidder or downsized to cut costs? Whatever the scenario, you could soon be pounding the pavement looking for a new job. But it also can be a career-altering opportunity--especially for talented project managers anxious to take on that mega-project. Find out how chaos and uncertainty can be a career catapult.
These days, mergers and acquisitions are commonplace. Practically every day, there’s another corporate takeover. Global merger activity topped $3.5 trillion in 2006, breaking the all-time record set in 2000, when close to $3.38 trillion in deals was consummated. The big numbers translate into great news for the dealmakers and investors, but bad news for employees likely to lose their jobs because of a consolidation.
Typically, merger news leaks out as an unconfirmed rumor and spreads faster than a plague. Within a month or two, the rumor is confirmed. Then you’re suddenly forced to make a career-altering decision: Do you stay where you are and hope for the best, or find another job?
While there is a strong possibility that you’ll lose your job, jumping ship might not be the best solution. It’s possible that you could come out of the merger with a better job. Even with inside information, deciding to stay on is a