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Is the blind outlook positive or negative?
Been a part of a PE buyout before. It’s not pleasant for employees - expect a curtailment of pay and benefits for as long as it takes to get the returns the PE firm was promised, as well as ruthless rounds of layoffs/de investment. I encourage employees to leave and boomerang if the company becomes profitable. You only have to wait 3-5 years as that’s all the appetite PE firms have to spend fixing up a place. If the acquired company is spun not sold in the end, that’s a very bad sign.
Thank you for your advice.
I miss Macfee🥲
Not good. More layoffs. Look at McAfee’s history in the last 10 years - bought by Intel, spun off, IPO, split, merge with FireEye. They don’t know what to do. At this point private investors are making money out of a dying business. Only brand has some left over value. Stay as far as possible.
Dude, I can’t talk about the companies specifically (because I don’t know them), but a PE firm is in it to manage their return. If they purchased the company via an leveraged buyout, then they will seek efficiencies (eliminate back office job’s, finance, HR, sales, some developers, etc…). The question is what is their vision? Are they looking for cost savings or to make the company very competitive. If the latter, depending on your role you might have a decent place to work. If the former, watch out.