The point of a business isn't to employ people, it's to make money. Often times PE firms are buying companies that are going to go out of business unless dramat

The point of a business isn't to employ people, it's to make money. Often times PE firms are buying companies that are going to go out of business unless dramatic changes are made (like newspaper companies). I think we can all agree that cutting half the staff of a company is better than the company going out of business and everyone losing their jobs.