So I am in the weekly meeting with my manager and he tells me if the company (which is a pretty successful startup) is not sold next month, it will shut the doors in three months. I had recently joined, and was having high hopes career and compensation wise. I see them still hiring, I see no other warning signs.
I ask other people, HR, recruiting - they all tell me it would take a long time and be a very drawn out process to shut down, let alone the reputation destruction to the executives and the board.
So a friend of mine, which holds an MBA, tell me that sounds like textbook management tactic to get people engaged, with a sense of urgency. I am really puzzled trying to understand - could that be a management strategy or he is seriously concerned?
Is this really a management strategy? Or does someone want to create friction and have people leave on their own accord? If there is a closure, is there any protection in the law (US) like couple of months severance package?
( 5 months ago )
The two most likely explanations are that the company is in financial trouble (update your CV), or the manager is playing mind games to make you word harder (update your CV).
Another possibility is that your manager has found a job elsewhere, and wants to lure good employees to his new company. So if he tells you soon that he's moving elsewhere and there is a job opportunity for you, be very, very careful.