Yeah. I’ve been a part of two companies acquired by private equity, and the playbook is to cut all spending on employees through any means. Slow pay all vendors until they won’t work with you. Kill product development. Raise prices in predatory fashion. And… while the books briefly look good and before it all falls apart in a few years… sell to someone.

Both times, it did not work. Well, I guess it worked for whoever sold the company to private equity. And I guess the private equity installed leadership of tall confident sounding idiots made big salaries and bonuses, which is nice. I’m just not sure where the money came from. If I understand capitalism, it probably came from our taxes somehow.