Private equity owned company.
I'm near end stage interview with a private equity owned company. Its a small company only 200 people. The role I'm interviewing for is vital to the success of the sales team and financial planning. The salary isn't even that great it's decent, but there are no bonuses or long term incentive. I've been out of work for a while and desperately need the job even though it's not anywhere near what I was making. Do I try to negotiate this more or just walk since they're clearly looking to exploit labor? Previous tc 200k
Ugh private equity 🤢
Is it that bad? It's owned by private equity the company itself is a completely different industry
PE owned is why there are no bonuses. Take it because you need it and keep looking.
This. Just know you'll probably work like a dog and layoffs will be common
The goal of a private equity owner is to cut costs as low as possible while inflating profits as much as possible with the goal of selling the company at a later date for a lot more than they bought it for. If they can’t sell it at a profit, they will load the company with crippling debt and spin it off to die.
Accept and keep interviewing
yeah dude, exploit them instead, do just enough to not get fired until you find something better, don’t even put this place on your resume unless it takes at least six months
I've already been out of work for 6 months. If I take the role and only stay 6 months then I'd have a year of no work lol. I most likely will still take the role but I'll have to put them on my resume