Re:Bloomberg just bought CityLab and put half its reporters ...
by awillen on Friday December 13, 2019 @08:48PM
(#21787249)
I see a lot of the same with PE firms buying companies - "<PE firm> buys <beloved company that was failing> and lays off half the workers! Evil, evil PE firm!" Now obviously there's a fair amount of the time when PE firms do dividend recaps and other financial engineering that harm the companies, but there's plenty of time when they trim the fat from a failing company and save a lot of jobs. That doesn't make for a nice clickbaity headline, though.
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Re:Bloomberg just bought CityLab and put half its reporters ...
by WalterBright on Saturday December 14, 2019 @05:19AM
(#21788758)
One thing about the free market is it is constantly reallocating resources from lower performing uses to higher performing ones.