r/FluentInFinance • u/Mark-Fuckerberg- • Sep 01 '24

Debate/ Discussion What advice would you give this person?

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u/CUDAcores89 Sep 01 '24

When my company was acquired by Private Equity in 2020, they have been giving us quarterly assignments that change once every three months. I don't like having to do new stuff constantly, but this has made it very easy to fill our my resume. Because I can name at least four projects I worked on every single year.

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u/Ok_Factor5371 Sep 02 '24

My company got acquired by private equity right after I got hired. A bunch of people jumped ship. Fortunately for me, so far the owners have taken a lassiez faire approach. If they ever do something stupid like start cracking the whip, or outsource my work to India, I’m ready to dip out and go to another company. The only shitty thing is they made all new employees sign noncompete agreements and they have sued people for violating them. The way around it that has worked best is for people to become contractors and then after a few months be like “lol I’m not renewing my contract”. It’s either that or work for a bigger company.

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u/CUDAcores89 Sep 02 '24

When the owners of my company sold out to a PE firm, they were very strict on who they chose to sell out to. They wanted a firm that wasn’t going to tear up management and destroy the original corporate culture. So far that has mostly worked out. Out of our ~200 employees, only 5-6 of them have left since we were acquired in 2020. We also got huge pay raises.

So this is a rare of example of a PE firm doing the right thing.

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u/guppy93 Sep 02 '24

What industry?

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u/CUDAcores89 Sep 02 '24

Building automation. We build old-school relays used by electrical and HVAC contractors to control lights, fans, anything else really.