Uninspired PE Puppet Leadership - Recensione dipendente - Software Developer presso Ancestry

The company sells to a new private equity firms every 4 years or so. This results in frequent layoffs, low salaries (the max increase is usually below the yearly inflation rate), and short-sighted leadership. Frequent "dividend recapitalizations" add hundreds of millions of dollars in debt to the company while paying peanuts to anyone outside of the c-suite. Leadership's only solution to dwindling subscriber numbers and revenue seems to be raising the monthly subscription price and freezing salaries. They seem to also set overly ambitious sales goals so they can penalize the entire Company by not paying them the full bonus percentage, even if sales for the year have exceeded the previous year's sales. Used to be a good company, but has gone downhill over the past few years.