I've been the employee on the other side of the announcement. Here's what I wish leaders knew.
By
Summer Hagens
·
1 minute read
Twice in my career, I've been the employee whose company had just been acquired.
The second time, we were in the final days of building our new home. My mind went straight to one question: would I still have a job? And if I did, what would change? I worked hybrid, mostly remote, and my family relied on that flexibility. Nobody had answers yet, so I filled in the blanks myself, and none of them were good.
Since then, I've been on the other side too, helping a company bring 16 acquisitions together as one. So I've seen both views: the boardroom where the deal makes perfect sense, and the break room where nobody knows what it means for them.
Here's what I wish every leader understood.
Changing companies isn't the hard part. Changing people is.
The deal gets done on spreadsheets. But the success of an acquisition depends on people who didn't choose it, didn't see it coming, and suddenly have a lot of questions:
- Is my job safe?
- Will my boss change?
- Does what we built here still matter?
- Who are we now?
When those questions go unanswered, people answer them on their own. Usually with the worst-case version. That's when your best people start updating their resumes.
Honor what came before
The teams you acquire are often proud of what they've built, and they should be. That pride is part of why the business was worth acquiring.
Change doesn't have to mean letting go of who you are. The strongest integrations take the best of the old into what comes next, and they say so out loud.
What helps
- Communicate the why. Explain why this is happening and what it makes possible, in plain language, early and often.
- Listen and include. Ask what people are worried about, and address it directly. Invite their ideas.
- Say what isn't changing. People need something steady to hold on to.
- Show them where they belong. Help every person see their place in the combined company's story.
- Celebrate the wins. Recognize progress, even small steps. It tells people the change is working.
What it made possible
In the company that brought 16 acquisitions together, putting people first changed everything. Employee churn had reached 117%. After the brand and culture were aligned, 90% of employees stayed, 18% more customers said they'd recommend the company, and every client renewed.
When my own company was acquired, I didn't need every answer on day one. I needed to know what wasn't changing, and when I'd hear the rest.
Change is personal. Lead it that way.