Constant Private equity downsizing layoffs - Recensione dipendente - Manager presso Billtrust

Private equity has literally demolished the talent in the company. Lots of talented people have left the company or either been laid off. Most of the current employees in engineering are looking for other jobs due to the constant uncertainty and rotating disc of layoffs every six months or even sooner. A lot of the C suit executives were laid off. Private equity makes a lot of blow hard talk about how AI can help transform the company. When you have decimated the most talented people in the company, how you expecting AI to fix your stupid decisions? Nepotism in some areas of engineering where a senior leader protects his former associates, but has no problem laying off other people. Due to the steady private equity layoffs, the company has been transformed from a mainly US based employee base to offshore contractors, the cheaper the better. Avoid this company like the plague. It is on the way down. Sometimes private equity companies intentionally run a company to the ground while still making a profit of the company by taking loans of it. I wonder if this is the case. In most cases when a private equity firm takes over a company, be prepared for the layoffs and run from it. The private equity company lied from the start. They said that it would be one year before they would make any changes in the company from when they took ownership. But, the layoffs started with a few few months.