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My wife worked for a company that was purchased by a private equity firm that immediately brought in an Indian CEO. He pushed out all the founders and replaced all the C-suite with Indians. He used Covid as excuse to force every employee to take a "temporary" 10% pay cut and he froze all promotions. He laid off 15% of the workforce, almost exclusively the most experienced employees. He shut down one of the satellite offices that did more manual stuff like data entry, and outsourced their work to India. My wife's workload doubled during this time period. The work/life balance and culture created by the founders was gone over night. Work product also suffered across the company. New leadership placed an emphasis on simply gaining new clients and not providing the same customer support for the existing client base. Client satisfaction drastically decreased as a result. Many clients complained that their account manager who they had a 20 year relationship with was replaced by someone with little experience. This story isn't rare or novel. Many Americans have dealt with a similar scenario in the last decade or so. My wife eventually found a job at a company that was still family owned with no intention to sell to PE.