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The new firm will be looking to reduce costs 1st. Expect reduction in benefits and perks, work increase and layoffs. The goal is to keep it for a few years unti
by WheelsAtLarge 10y ago
The new firm will be looking to reduce costs 1st. Expect reduction in benefits and perks, work increase and layoffs. The goal is to keep it for a few years until they can sell it at a profit or go the IPO route.
It's not always a bad thing. They want the company to succeed so they can get their money out. Just make sure you thrive along with the company and don't become redundant - don't be scared, be proactive.
- supahfly_remix 10y agoI worked for a company that was bought by private equity. Your management screwed up and couldn't figure out how to make money with this division. A takeover by PE is rarely done if business is going well. This comment is accurate. To add, these PE firms will chop up your company and "unlock hidden value" by selling subdivisions to other companies. They sometimes do some "financial engineering" to load up the company with debt. Take a look at what happened to Freescale. My suggestion is to develop your skills and to move to another company when you find a better opportunity. If you feel you are going to be laid off, then act sooner.