• 2 Posts
  • 55 Comments
Joined 1 year ago
cake
Cake day: September 7th, 2023





  • My personal experience with buyouts from private equity investors is that they will milk every single cent out of the company as they crush its soul. They’re looking to make a huge profit, relatively quickly. Yes, the stock market is also looking to profit, and big share-holders have a lot of sway, but publicly traded companies don’t have to answer to a small number of ultra wealthy puppeteers in quite the same way private equity held companies do. Also, there are certain employee protections, particularly around layoffs, that apply to publicly traded companies but don’t apply to privately held companies. This seems to be one of the key strategies in the PE playbook:

    1. Buy the company / take it private
    2. Slash costs everywhere, including yearly layoffs.
    3. Push the remaining employees to adopt a “lean” or “customer first” mindset, which really means “do more work, faster, for less reward”.
    4. Profit?

    As much as I dislike Ubisoft, I don’t dislike anyone enough to wish that process upon them.



  • I get emails from school, with a link that opens a 3rd party app, which only displays a link that opens in the default browser. I’ve asked the school to just send me direct links to the announcements, but they say they can’t. The site doesn’t require authentication, but the URLs have UUIDs so I can’t just guess what the link would be. The app is quite literally just a data exfiltration layer that does everything it can to make sure you can’t bypass it. Good luck getting any other parents to give a shit though.