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My own story is a little atypical as I was a one woman department and my functions were folded into another department. What WAS typical who how cold hearted and mean the decision was. Believe me I was over worked and paid chump change. They might have kept me. My previous boss begged my then boss to not lay me off because of my husbands precarious mental state. I was laid off April 30th. My husband committed suicide July 30th the same year. While the lay off was not responsible for his taking his own life, it was the last nail in the proverbial coffin.
I'll be writing my "own story". Til then I have some personal experiences at how life changed once Bain took over.It had been a family owned and run family business for many years. Right around the time I was hired, it was sold by the owners to a small investment banking group. They were OK and things pretty much remained the same. Real changes happened when Bain came into the picture. And they weren't good ones.
Some of the things I remembered.
Cut costs even it it pisses off customers
The boxes that were used to ship the goods were changed to cheaper boxes. Shipments were falling apartment and customers were complaining.
Bain owned the competitor who had been unprofitable. The company I worked for WAS profitable. But the management style changed to reflect the unprofitable company. I remember remarking to my sister, that it was almost like they were trying to run the company into the ground.
Restructure how you pay outside Sales People. I remember one of the Sales People remarking that the CEO ( who btw wasa Former Bain VP Very unusual for Bain from what I can see) needed another condo.
No real raises for the working stiffs. So when folks at the oldest warehouse started talking UNION, Bain stepped in closed the warehouse and laid everyone off. Then they opened another warehouse 150 miles away and offered the laid off the opportunity
for new jobs..
at less money
more later