It's hard to imagine any positive scenario for the worker now that Sycamore is in the driver's seat. Private Equity is brutal and anyone in bed with PE will go through multiple cycles of pain and tears. At this point we'll have to see how small of an org Sycamore wants as they are only interested in milking cash flow and paying off the loans they took to buy us (and they will do it with our own money). I think I know how this will play out, it's the same old playbook - get a loan, buy a company, pay off the loan with loans the acquired company takes & milk cashflow, improve cashflow by cutting cost and labor, spin off or sell the company. PE gets rich and everyone else gets fu---d.
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Pretty Woman is a good film reference for how private equity works.
The logic checks out...