What should you look for if employer (major corporation) goes under or gets bought out? (employment, payments)

[GiantRutgersfan]

I got hired onto what might be a sinking ship about a month ago. Large corporation that has been struggling for several years. Pay is really good, and if all goes well, it is a great opportunity. Reading up on the situation since I got hired, and there has been a lot of bad news.

What is there to look out for in this situation? It is in transportation, so the company has a lot of assets, which makes a buy out more likely

[bande1102]

My current company has been bought out 3 times. Things that typically happened were upper management changes (new managers hired/others resigning) and lots of meetings and emails about reorganization.

[GiantRutgersfan]

Originally Posted by bande1102

My current company has been bought out 3 times. Things that typically happened were upper management changes (new managers hired/others resigning) and lots of meetings and emails about reorganization.

I can very comfortably afford where I am living now, but I want to get a new (nicer) apartment closer to work, but I don't wanna get laid off, and then stuck on unemployment and have difficulty making payments.

[Hemlock140]

I'd stay where you are for now. Hopefully it goes well for you, but ask the thousands of people that got let go by WAMU when Chase took them over.