Layoffs at Billtrust are looming in early 2024. Billtrust was purchased by a private equity company that is in the process of replacing expert-level, deeply-knowledgeable engineers with cheaper engineers from India ... because short-term profits apparently trump long-term stability and quality.
Private equity firms have a well-earned reputation for engaging in transactional leadership, wherein employees are interchangeable cogs in the machine, and maximizing the bottom line as quickly as possible is the only real priority - even if it means draining money out of the U.S. economy and into India and other low-wage outsourcers. Welcome to late-stage capitalism!