02-05-2019, 11:56 AM | #23 |
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This is the issue. The private equity guys rarely care about their employees. It's a much more hands off approach, where bottom line dollars supersede any good will towards employees.
I work at a financial firm and we were owned by the founder for nearly two decades. We were treated very well with box seats to games, corporate lunches, etc. Very relaxed environment. We were bought out a few months ago by a subsidiary of a holding company (private equity), and things changed very fast for everyone under C level employees and their staff. It became a much more high pressure sales environment and the weaker of the bunch left, leaving a lot of work to the rest of us. Things are getting better now, as upper management is seeing the losses and slowly getting back to how things were. Either be prepared to give it time, or get out now. But if you are not either upper management, or among the top earners on the sales side, you will have a very rough time under private equity. |
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02-05-2019, 12:39 PM | #24 |
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With rumblings like you describe. Your choices are:
1. Sharpen your knife because fighting will flurish as the ship sinks. ( you will need the knife to stick someone before they stick you ) 2. Accelerate your exit strategy, to live and smile another day ! I would take a spot less cash for an enviroment that is not toxic. Obviously someone BS's you to get you in. Bail out !
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02-05-2019, 01:59 PM | #25 |
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I work in PE
Yes, non value-add costs are axed and organizations restructured. Most of the time it's for the benefit of the platform company. If you're part of add-on acquisition, things can get tough. The real way to look at your company is if itself will sustain market value. Then, the revenues will grow, employees will be rewarded, and job security will be strong. Otherwise, you should have jumped ship once management knew something was wrong and attempted their own fix.
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