OneTime on 07 November 2022
Japanese companies are a bit too smart to let foreign companies take them over. The usual pattern is:
(1) Take over XXX, look at all extra stuff we can do!
(2) Lots of people leave because they are effectively demoted in the merged company.
(3) Sales aren't what they expected, because the company was over-hyped
(4) Realise they paid too much for things they could just have done in house.
(5) Look for "savings".
(6) Fire people.
(7) Balance is restored.
