Acquired by Ascential in June 2022 and underwent 2 rounds of retrenchment. Was then rebranded to a new company (Flywheel SEA) and the entire Flywheel group was acquired by Omnicom Group. All these with no changes/improvements to employees' benefits or way-of-work, but increased workload.
Heard from peers that company was recently divested (i.e. kicked out by Omnicom).
So within a span of 2 years, the company was acquired twice, went through retrenchment twice, and then divested, back to square 1. All these while having no benefits to employees, but maybe the shareholders? What fantastic decision making the leaders have!