This is all Clearlake Capital pushing things in the direction that works for them. It'll get worse. But, rest assured, no matter what happens Clearlake will come up on top. Private Equity always wins and unfortunately we were done for the moment they came in. This is just a gradual decay that needs to be sustained until Clearlake Capital extracts whatever they decided to extract. After that, sale, spin off, IPO, etc.
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What assets is D&B selling? I've heard nothing.
Remember to feed your emails and teams chats into Copilot so you can send your weekly accomplishments…. Said the New CEO at the all hands
poster @aw nails it.
that's the reality and 200% accurate.
@aw you could layoff the entire payroll and it won’t make a dent in the debt. They’d have to sell off parts of the company.
@OP - 100% agree but from Clearlake's perspective - what real options do they have? D&B hasn't had significant revenue growth for years and the stock price never rebounded allowing Clearlake to acquire D&B using quite a bit of debt. The only way Clearlake will make money (which they will find a way to do) is do something drastic since status quo won't get the job done. Unfortunately that could mean more layoffs, split the company, sell off assets, etc. This is certainly not fair to all the good people at D&B but unfortunately is the reality of the situation. I hope D&B folks are looking out for themselves right now.