Quote:
Originally Posted by I-Hate-Hulse
Isn't this the same of everyone's favorite white knight lately - the tech industry? Companies getting bought out every couple of years, and being absorbed into bigger acquirers who look to improve efficiencies and staff are cut?
Just look at some of the former tech stars of Alberta for that - SMART, Wi-Lan, Solium, BioWare, Cortex.
Most people in tech I know hop jobs every 2-3 years too. Maybe the lack of longevity goes both ways....
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In the past this was very much true for O&G. Difference this time around (since 2015) is there are way fewer startups due to the poisoned investment climate that has been created for the resource industry in Canada. Buyouts are starting to happen but there's nowhere to go if you are starting over.