Sentences with phrase «re-hired as new employees»

My company was recently acquired / merged with another company, and I won't go into the gritty details about the acquisition, but suffice it to say that all existing employees were effectively let go from the old company and re-hired as new employees at the acquiring company.

In short, while «effectively let go from the old company and re-hired as new employees at the acquiring company» might be what it appears from the outside, legally it might be something different, and everybody is waiting till the lawyers figure out the details, and does not want to allow rollovers etc until the dust has settled.